iMetal Resources (CVE:IMR) Trading Down 20% – Here’s What Happened

iMetal Resources Inc. (CVE:IMRGet Free Report)’s stock price was down 20% on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 1,403,061 shares were traded during trading, an increase of 2,373% from the average daily volume of 56,743 shares. The stock had previously closed at C$0.13.

iMetal Resources Trading Down 20.0%

The stock has a market cap of C$3.61 million, a price-to-earnings ratio of -0.56 and a beta of 0.80. The firm’s 50 day moving average is C$0.25 and its two-hundred day moving average is C$0.20. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

iMetal Resources Company Profile

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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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