Shares of iMetal Resources Inc. (CVE:IMR – Get Free Report) dropped 9.3% on Monday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 338,586 shares changed hands during trading, an increase of 126% from the average session volume of 149,895 shares. The stock had previously closed at C$0.21.
iMetal Resources Stock Down 11.6%
The company has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.11. The firm has a market capitalization of C$7.67 million, a P/E ratio of -1.73 and a beta of 1.03.
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.
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