iMetal Resources Inc. (CVE:IMR – Get Free Report) shares dropped 10% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 363,000 shares traded hands during trading, an increase of 41% from the average daily volume of 257,497 shares. The stock had previously closed at C$0.10.
iMetal Resources Trading Down 10.0%
The business has a 50 day moving average of C$0.12 and a 200-day moving average of C$0.18. The stock has a market cap of C$3.63 million, a PE ratio of -0.60 and a beta of 0.59. The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15.
About iMetal Resources
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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