iMetal Resources (CVE:IMR) Stock Price Down 20% – Here’s Why

by · The Markets Daily

iMetal Resources Inc. (CVE:IMR – Get Free Report) shares fell 20% during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10. 1,403,061 shares traded hands during mid-day trading, an increase of 2,373% from the average session volume of 56,743 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79. The stock has a 50-day moving average price of C$0.25 and a 200-day moving average price of C$0.20. The company has a market capitalization of C$3.61 million, a price-to-earnings ratio of -0.56 and a beta of 0.80.

About iMetal Resources

(Get Free Report)

iMetal Resources Inc, a junior exploration company, focuses on the acquisition, exploration, development, and evaluation of resource properties in Ontario and Quebec in Canada. The company explores for precious and base metal resources. Its flagship property is the Gowganda West project covering an area of approximately 147 squares kilometers located in Ontario; Kerrs Gold property covering an area of 665 hectares located in Ontario; and Ghost Mountain property consists of eleven claim units covering an area of 220 hectares located in Ontario.

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