iMetal Resources (CVE:IMR) Shares Up 26.1% – Here’s What Happened

iMetal Resources Inc. (CVE:IMRGet Free Report)’s stock price was up 26.1% during mid-day trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 738,983 shares traded hands during trading, an increase of 1,059% from the average daily volume of 63,733 shares. The stock had previously closed at C$0.12.

iMetal Resources Stock Performance

The stock has a market capitalization of C$5.24 million, a price-to-earnings ratio of -0.81 and a beta of 0.16. The stock’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.19. 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

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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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