iMetal Resources (CVE:IMR) Trading Down 11.7% – Time to Sell?

iMetal Resources Inc. (CVE:IMR) shares 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 were traded 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 Performance

The company has a 50-day moving average price of C$0.21 and a two-hundred day moving average price of C$0.19. The stock has a market capitalization of C$2.77 million, a P/E ratio of -2.12 and a beta of 1.25. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

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.