iMetal Resources (CVE:IMR) Trading Up 18.2% – Should You Buy?

iMetal Resources Inc. (CVE:IMRGet Free Report) shares were up 18.2% during mid-day trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.13. Approximately 1,284,085 shares were traded during trading, an increase of 832% from the average daily volume of 137,848 shares. The stock had previously closed at C$0.11.

iMetal Resources Price Performance

The company has a market cap of C$5.05 million, a PE ratio of -0.83 and a beta of 1.00. The business has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

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.

Further Reading

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