Imperial Metals (TSE:III) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Imperial Metals Co. (TSE:III) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$7.69 and traded as high as C$8.16. Imperial Metals shares last traded at C$8.06, with a volume of 117,066 shares changing hands.

Imperial Metals Stock Up 1.4%

The firm has a 50 day moving average of C$8.82 and a two-hundred day moving average of C$7.69. The stock has a market capitalization of C$1.46 billion, a PE ratio of 13.85, a P/E/G ratio of 0.26 and a beta of 0.82. The company has a current ratio of 0.79, a quick ratio of 0.30 and a debt-to-equity ratio of 18.54.

Imperial Metals (TSE:III) last posted its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Imperial Metals had a return on equity of 10.49% and a net margin of 16.39%. The company had revenue of C$166.52 million for the quarter. Equities research analysts anticipate that Imperial Metals Co. will post 0.07 earnings per share for the current year.

Insider Activity at Imperial Metals

In related news, insider Randall Thompson sold 3,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$9.89, for a total value of C$29,670.00. Following the sale, the insider directly owned 15,146 shares of the company’s stock, valued at approximately C$149,793.94. This represents a 16.53% decrease in their position. In the last 90 days, insiders have sold 15,500 shares of company stock valued at $151,750. 49.27% of the stock is owned by insiders.

About Imperial Metals

Imperial Metals Corporation is a Vancouver based mining company active in the acquisition, exploration, development, mining and production of base and precious metals. Our principal properties in British Columbia include the wholly owned Mount Polley and Huckleberry copper mines, a 30% interest in the Red Chris mine.