iMetal Resources (CVE:IMR) Stock Price Up 26.1% – Still a Buy?

iMetal Resources Inc. (CVE:IMR)’s stock price shot up 26.1% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. 738,983 shares changed hands during trading, an increase of 1,059% from the average session volume of 63,733 shares. The stock had previously closed at C$0.12.

iMetal Resources Trading Up 26.1%

The company has a market cap of C$5.24 million, a price-to-earnings ratio of -0.81 and a beta of 0.16. The company’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13.

iMetal Resources Company Profile

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.