INV Metals (TSE:INV) Shares Down 9.4%
INV Metals Inc (TSE:INV) fell 9.4% during trading on Monday . The stock traded as low as C$0.48 and last traded at C$0.48. 114,387 shares traded hands during trading, a decline of 28% from the average session volume of 157,786 shares. The stock had previously closed at C$0.53.
Separately, Raymond James restated an “outperform” rating and issued a C$1.75 price target on shares of INV Metals in a research note on Thursday, August 6th.
The business’s 50 day simple moving average is C$0.63 and its two-hundred day simple moving average is C$0.52. The stock has a market cap of $65.54 million and a P/E ratio of -10.21. The company has a quick ratio of 6.98, a current ratio of 7.06 and a debt-to-equity ratio of 0.60.
About INV Metals (TSE:INV)
INV Metals Inc, a mineral resource company, engages in the acquisition, exploration, and development of precious and base metal projects primarily in Ecuador. The company's principal property is its 100% owned Loma Larga gold property located to the southwest of the city of Cuenca, Ecuador. It also owns 100% interests in exploration concessions, including Las Peñas, Tierras Coloradas, La Rebuscada, and Carolina.
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