iMetal Resources (CVE:IMR) Trading Down 18% – Here’s Why

iMetal Resources Inc. (CVE:IMR – Get Free Report)’s stock price was down 18% during mid-day trading on Monday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 190,726 shares changed hands during mid-day trading, an increase of 434% from the average daily volume of 35,688 shares. The stock had previously closed at C$0.25.

iMetal Resources Stock Performance

The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of C$0.26 and a 200-day moving average price of C$0.20. The firm has a market cap of C$7.41 million, a price-to-earnings ratio of -1.14 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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