iMetal Resources (CVE:IMR) Shares Down 26.5% – Here’s Why

iMetal Resources Inc. (CVE:IMRGet Free Report) was down 26.5% on Saturday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares changed hands during 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 Performance

The firm has a fifty day moving average price of C$0.25 and a 200 day moving average price of C$0.20. 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 firm has a market cap of C$4.52 million, a PE ratio of -0.69 and a beta of 0.80.

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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