iMetal Resources (CVE:IMR) Shares Down 15.4% – Time to Sell?

iMetal Resources Inc. (CVE:IMRGet Free Report) was down 15.4% during trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 122,500 shares were traded during trading, an increase of 105% from the average daily volume of 59,657 shares. The stock had previously closed at C$0.13.

iMetal Resources Price Performance

The stock has a market capitalization of C$3.98 million, a price-to-earnings ratio of -0.61 and a beta of 0.16. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.19.

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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