iMetal Resources (CVE:IMR) Stock Price Down 18% – Should You Sell?

by · The Markets Daily

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

iMetal Resources Stock Down 18.0%

The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15. The firm has a 50 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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