iMetal Resources (CVE:IMR) Stock Price Up 5.6% – Still a Buy?

iMetal Resources Inc. (CVE:IMRGet Free Report)’s share price shot up 5.6% during mid-day trading on Monday . The company traded as high as C$0.19 and last traded at C$0.19. 1,000 shares were traded during trading, a decline of 97% from the average session volume of 39,009 shares. The stock had previously closed at C$0.18.

iMetal Resources Stock Performance

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 company has a market capitalization of C$1.07 million, a price-to-earnings ratio of -0.44 and a beta of 1.59. The firm has a 50-day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.19.

iMetal Resources Company Profile

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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.

Further Reading

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