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

Shares of iMetal Resources Inc. (CVE:IMR) dropped 26.5% during trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares changed hands during mid-day 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 Stock Down 26.5%

The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.20. The stock has a market capitalization of C$4.52 million, a P/E ratio of -0.69 and a beta of 0.80.

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.