iMetal Resources (CVE:IMR) Stock Price Up 27.3% – Still a Buy?

iMetal Resources Inc. (CVE:IMR)’s stock price rose 27.3% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 1,862,211 shares traded hands during mid-day trading, an increase of 741% from the average daily volume of 221,540 shares. The stock had previously closed at C$0.11.

iMetal Resources Stock Up 27.3%

The company’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.19. 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 firm has a market capitalization of C$5.65 million, a P/E ratio of -0.93 and a beta of 1.00.

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.