iMetal Resources (CVE:IMR) Shares Down 20% – Here’s What Happened

iMetal Resources Inc. (CVE:IMR) shares dropped 20% during trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 1,403,061 shares were traded during mid-day trading, an increase of 2,373% from the average daily volume of 56,743 shares. The stock had previously closed at C$0.13.

iMetal Resources Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13. The firm has a market capitalization of C$3.80 million, a P/E ratio of -0.58 and a beta of 0.80. The stock has a fifty day moving average price of C$0.24 and a two-hundred day moving average price of C$0.20.

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.