iMetal Resources (CVE:IMR) Trading Down 26.5% – Here’s What Happened

by · The Cerbat Gem

Shares of iMetal Resources Inc. (CVE:IMR – Get Free Report) dropped 26.5% during trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares were traded during 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 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 company has a market capitalization of C$4.52 million, a PE ratio of -0.69 and a beta of 0.80. The business has a 50 day simple moving average of C$0.25 and a 200 day simple moving average of 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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