Imperial Metals (TSE:III) Trading Down 6.5% – Here’s Why

Imperial Metals Co. (TSE:III)’s stock price was down 6.5% on Thursday . The company traded as low as C$4.83 and last traded at C$4.91. Approximately 107,731 shares traded hands during mid-day trading, an increase of 55% from the average daily volume of 69,484 shares. The stock had previously closed at C$5.25.

Imperial Metals Trading Up 0.4%

The business’s 50 day moving average price is C$4.10 and its two-hundred day moving average price is C$2.85. The company has a market capitalization of C$753.26 million, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.20. The company has a debt-to-equity ratio of 49.76, a quick ratio of 0.30 and a current ratio of 0.48.

Insider Transactions at Imperial Metals

In related news, Director J. Brian Kynoch sold 37,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of C$3.72, for a total transaction of C$137,640.00. Also, Senior Officer Sheila Colwill sold 26,950 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$3.66, for a total transaction of C$98,637.00. In the last three months, insiders sold 97,650 shares of company stock valued at $379,753. Company insiders own 49.27% of the company’s stock.

About Imperial Metals

Imperial Metals Corporation is a Vancouver based mining company active in the acquisition, exploration, development, mining and production of base and precious metals. Our principal properties in British Columbia include the wholly owned Mount Polley and Huckleberry copper mines, a 30% interest in the Red Chris mine.