iMetal Resources (CVE:IMR) Shares Down 26.5% – Here’s What Happened

Shares of iMetal Resources Inc. (CVE:IMR) were down 26.5% on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares traded hands during trading, an increase of 3,585% from the average daily volume of 47,885 shares. The stock had previously closed at C$0.17.

iMetal Resources Price Performance

The company’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.20. The firm has a market capitalization of C$4.52 million, a price-to-earnings ratio of -0.69 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

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.