iMetal Resources (CVE:IMR) Shares Down 18% – Time to Sell?

iMetal Resources Inc. (CVE:IMRGet Free Report)’s stock price was down 18% during mid-day trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 190,726 shares changed hands during trading, an increase of 434% from the average daily volume of 35,688 shares. The stock had previously closed at C$0.25.

iMetal Resources Price Performance

The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15. The company has a market cap of C$6.69 million, a P/E ratio of -1.03 and a beta of 0.80. The firm has a 50 day moving average of C$0.25 and a 200-day moving average of C$0.20.

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.

Further Reading

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.