iMetal Resources (CVE:IMR) Stock Price Down 26.5% – Time to Sell?

by · The Cerbat Gem

iMetal Resources Inc. (CVE:IMR – Get Free Report) shares were down 26.5% during mid-day trading on Saturday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares changed hands during mid-day trading, an increase of 3,585% from the average daily volume of 47,885 shares. The stock had previously closed at C$0.17.

iMetal Resources Price Performance

The stock has a market cap of C$4.52 million, a price-to-earnings ratio of -0.69 and a beta of 0.80. The company’s 50 day moving average is C$0.25 and its 200 day moving average is C$0.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

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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