iMetal Resources (CVE:IMR) Shares Down 10% – Time to Sell?

Shares of iMetal Resources Inc. (CVE:IMRGet Free Report) fell 10% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 363,000 shares changed hands during trading, an increase of 41% from the average session volume of 257,497 shares. The stock had previously closed at C$0.10.

iMetal Resources Price Performance

The stock has a market cap of C$3.63 million, a P/E ratio of -0.60 and a beta of 0.59. 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 firm has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.18.

About iMetal Resources

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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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