iMetal Resources (CVE:IMR) Trading Up 20.6% – Here’s What Happened

iMetal Resources Inc. (CVE:IMR) shares were up 20.6% during trading on Friday . The stock traded as high as C$0.24 and last traded at C$0.21. Approximately 150,000 shares were traded during trading, an increase of 278% from the average daily volume of 39,645 shares. The stock had previously closed at C$0.17.

iMetal Resources Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79. The company’s 50 day moving average price is C$0.15 and its 200 day moving average price is C$0.19. The firm has a market capitalization of C$1.21 million, a P/E ratio of -0.50 and a beta of 1.59.

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.