iMetal Resources (CVE:IMR) Trading Down 20% – What’s Next?

iMetal Resources Inc. (CVE:IMR) dropped 20% on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 1,403,061 shares traded hands during mid-day trading, an increase of 2,373% from the average daily volume of 56,743 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Performance

The business has a 50 day moving average price of C$0.25 and a 200-day moving average price of C$0.20. The firm has a market cap of C$3.80 million, a price-to-earnings ratio of -0.58 and a beta of 0.80. 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.