iMetal Resources (CVE:IMR) Stock Price Up 26.1% – Here’s What Happened

iMetal Resources Inc. (CVE:IMR) shares traded up 26.1% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. 738,983 shares traded hands during trading, an increase of 1,059% from the average session volume of 63,733 shares. The stock had previously closed at C$0.12.

iMetal Resources Price Performance

The company has a 50-day moving average of C$0.15 and a 200-day 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$5.60 million, a price-to-earnings ratio of -0.86 and a beta of 0.16.

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.