iMetal Resources (CVE:IMR) Stock Price Down 12% – Should You Sell?

iMetal Resources Inc. (CVE:IMR)’s share price was down 12% during trading on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 808,800 shares changed hands during mid-day trading, an increase of 1,430% from the average daily volume of 52,859 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Performance

The company’s 50-day simple moving average is C$0.25 and its 200 day simple moving average is C$0.20. The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of C$3.80 million, a P/E ratio of -0.58 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.