iMetal Resources (CVE:IMR) Trading Down 23.5% – Here’s What Happened

iMetal Resources Inc. (CVE:IMR)’s share price fell 23.5% on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. 889,200 shares traded hands during mid-day trading, an increase of 2,103% from the average session volume of 40,363 shares. The stock had previously closed at C$0.17.

iMetal Resources Price Performance

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 company’s 50 day moving average is C$0.25 and its 200 day moving average is C$0.20. The firm has a market capitalization of C$4.70 million, a price-to-earnings ratio of -0.72 and a beta of 0.80.

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.