iMetal Resources (CVE:IMR) Shares Down 36.4% – What’s Next?

iMetal Resources Inc. (CVE:IMR) shares traded down 36.4% during trading on Thursday . The stock traded as low as C$0.21 and last traded at C$0.21. 10,000 shares traded hands during trading, an increase of 100% from the average session volume of 5,008 shares. The stock had previously closed at C$0.33.

iMetal Resources Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79. The company’s 50 day moving average price is C$0.21 and its 200 day moving average price is C$0.21. The firm has a market capitalization of C$1.18 million, a P/E ratio of -0.49 and a beta of 1.59.

iMetal Resources Company Profile

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.