iMetal Resources (CVE:IMR) Trading Down 20% – Time to Sell?

by · The Cerbat Gem

iMetal Resources Inc. (CVE:IMR – Get Free Report)’s share price fell 20% during trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.20. 140,200 shares changed hands during mid-day trading, an increase of 297% from the average session volume of 35,326 shares. The stock had previously closed at C$0.25.

iMetal Resources Stock Down 18.0%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13. 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. The business’s 50 day moving average price is C$0.26 and its 200 day moving average price is C$0.20.

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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