iMetal Resources Inc. (CVE:IMR – Get Free Report)’s share price dropped 11.7% on Friday . The stock traded as low as C$0.27 and last traded at C$0.27. Approximately 326,500 shares changed hands during trading, an increase of 786% from the average daily volume of 36,864 shares. The stock had previously closed at C$0.30.
iMetal Resources Stock Up 3.8%
The firm has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13. The stock has a market cap of C$2.77 million, a P/E ratio of -2.12 and a beta of 1.25.
About iMetal Resources
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.
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