iMetal Resources (CVE:IMR) Stock Price Down 15.4% – Here’s Why

iMetal Resources Inc. (CVE:IMRGet Free Report) fell 15.4% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. 137,500 shares were traded during mid-day trading, an increase of 129% from the average session volume of 59,950 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Down 11.5%

The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is C$0.17 and its two-hundred day moving average price is C$0.19. The firm has a market cap of C$4.16 million, a P/E ratio of -0.64 and a beta of 0.16.

iMetal Resources Company Profile

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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.

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