iMetal Resources (CVE:IMR) Trading Down 16% – Here’s What Happened

iMetal Resources Inc. (CVE:IMRGet Free Report) shares dropped 16% on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 68,000 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 34,859 shares. The stock had previously closed at C$0.25.

iMetal Resources Stock Down 18.0%

The company’s fifty day simple moving average is C$0.26 and its 200-day simple moving average is C$0.20. The firm has a market capitalization of C$7.41 million, a PE ratio of -1.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

iMetal Resources Company Profile

(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.

Featured Articles

Receive News & Ratings for iMetal Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iMetal Resources and related companies with MarketBeat.com's FREE daily email newsletter.