iMetal Resources (CVE:IMR) Shares Up 21.7% – What’s Next?
by Danessa Lincoln · The Markets DailyShares of iMetal Resources Inc. (CVE:IMR – Get Free Report) were up 21.7% during trading on Tuesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 695,483 shares changed hands during trading, an increase of 996% from the average daily volume of 63,428 shares. The stock had previously closed at C$0.12.
iMetal Resources Trading Up 21.7%
The stock has a market cap of C$5.06 million, a PE ratio of -0.78 and a beta of 0.16. The stock’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.19. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.
About iMetal Resources
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.