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

iMetal Resources Inc. (CVE:IMR) fell 18% during trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.21. 190,726 shares were traded during mid-day trading, an increase of 434% from the average session volume of 35,688 shares. The stock had previously closed at C$0.25.

iMetal Resources Trading Down 18.0%

The stock has a market cap of C$7.41 million, a PE ratio of -1.14 and a beta of 0.80. The business’s fifty day moving average is C$0.26 and its 200 day moving average is 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.

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.