iMetal Resources (CVE:IMR) Shares Down 10.7% – Should You Sell?

iMetal Resources Inc. (CVE:IMR) traded down 10.7% during mid-day trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.13. 191,384 shares traded hands during trading, an increase of 44% from the average session volume of 132,460 shares. The stock had previously closed at C$0.14.

iMetal Resources Stock Performance

The stock’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.19. The stock has a market cap of C$4.16 million, a price-to-earnings ratio of -0.64 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

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.