iMetal Resources (CVE:IMR) Shares Down 16% – What’s Next?

iMetal Resources Inc. (CVE:IMR) was down 16% on Monday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 1,292,800 shares were traded during trading, an increase of 2,208% from the average daily volume of 56,022 shares. The stock had previously closed at C$0.13.

iMetal Resources Price Performance

The company’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.20. The stock has a market capitalization of C$3.80 million, a PE ratio of -0.58 and a beta of 0.80. 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

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.