iMetal Resources (CVE:IMR) Shares Down 10% – Here’s Why

iMetal Resources Inc. (CVE:IMR)’s share price fell 10% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 363,000 shares were traded during trading, an increase of 41% from the average session volume of 257,497 shares. The stock had previously closed at C$0.10.

iMetal Resources Trading Down 10.0%

The business’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.18. 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 firm has a market capitalization of C$3.63 million, a PE ratio of -0.60 and a beta of 0.59.

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.