iMetal Resources (CVE:IMR) Shares Down 26.5% – Here’s Why

iMetal Resources Inc. (CVE:IMR)’s share price dropped 26.5% during mid-day trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,764,550 shares traded hands during trading, an increase of 3,585% from the average daily volume of 47,885 shares. The stock had previously closed at C$0.17.

iMetal Resources Trading Down 26.5%

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 company has a market capitalization of C$4.52 million, a P/E ratio of -0.69 and a beta of 0.80. The company’s fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.20.

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.