iMetal Resources (CVE:IMR) Trading Down 18% – Here’s What Happened

iMetal Resources Inc. (CVE:IMR)’s share price fell 18% during trading on Monday . The company traded as low as C$0.20 and last traded at C$0.21. 190,726 shares were traded during trading, an increase of 436% from the average session volume of 35,609 shares. The stock had previously closed at C$0.25.

iMetal Resources Stock Performance

The business has a fifty day simple moving average of C$0.26 and a two-hundred day simple moving average of 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. The company has a market cap of C$7.41 million, a P/E ratio of -1.14 and a beta of 0.80.

iMetal Resources Company Profile

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.