iMetal Resources (CVE:IMR) Trading 27.3% Higher – Should You Buy?

Shares of iMetal Resources Inc. (CVE:IMRGet Free Report) rose 27.3% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 1,862,211 shares were traded during mid-day trading, an increase of 741% from the average daily volume of 221,540 shares. The stock had previously closed at C$0.11.

iMetal Resources Stock Up 27.3%

The company has a market cap of C$5.65 million, a PE ratio of -0.93 and a beta of 1.00. The firm has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

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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