Shares of iMetal Resources Inc. (CVE:IMR – Get Free Report) rose 18.2% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.13. Approximately 1,284,085 shares were traded during trading, an increase of 846% from the average daily volume of 135,702 shares. The stock had previously closed at C$0.11.
iMetal Resources Trading Up 18.2%
The stock has a market cap of C$4.70 million, a P/E ratio of -0.72 and a beta of 1.00. The firm’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.19. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.
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.
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