iMetal Resources (CVE:IMR) Shares Down 16% – Should You Sell?

iMetal Resources Inc. (CVE:IMR) shares were down 16% during mid-day trading on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 800 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 6,497 shares. The stock had previously closed at C$0.25.

iMetal Resources Price Performance

The company has a 50-day moving average of C$0.21 and a 200 day moving average of C$0.21. 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$1.18 million, a P/E ratio of -0.49 and a beta of 1.59.

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.