iMetal Resources (CVE:IMR) Trading 26.1% Higher – Should You Buy?

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

iMetal Resources Stock Up 26.1%

The firm has a market capitalization of C$5.24 million, a PE ratio of -0.81 and a beta of 0.16. The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.19.

iMetal Resources Company Profile

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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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