iMetal Resources (CVE:IMR) Shares Down 15.4% – What’s Next?

iMetal Resources Inc. (CVE:IMR)’s share price dropped 15.4% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 137,500 shares changed hands during mid-day trading, an increase of 130% from the average daily volume of 59,895 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Up 3.4%

The firm has a market capitalization of C$5.42 million, a price-to-earnings ratio of -0.83 and a beta of 0.16. The stock has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.19. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

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.