iMetal Resources (CVE:IMR) Shares Down 18% – Time to Sell?

iMetal Resources Inc. (CVE:IMR)’s share price fell 18% during mid-day trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.21. 190,726 shares traded hands during trading, an increase of 434% from the average session volume of 35,688 shares. The stock had previously closed at C$0.25.

iMetal Resources Trading Down 18.0%

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 cap of C$7.41 million, a P/E ratio of -1.14 and a beta of 0.80. The firm’s 50-day simple moving average is C$0.26 and its 200 day simple moving average is C$0.20.

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.