iMetal Resources Inc. (CVE:IMR – Get Free Report) shares dropped 23.5% on Friday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 889,200 shares changed hands during trading, an increase of 2,103% from the average daily volume of 40,363 shares. The stock had previously closed at C$0.17.
iMetal Resources Trading Down 23.5%
The company has a 50 day moving average of C$0.25 and a 200 day moving average of C$0.20. The firm has a market cap of C$4.70 million, a price-to-earnings ratio of -0.72 and a beta of 0.80. 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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