Imperial Metals (TSE:III) Stock Price Passes Above Two Hundred Day Moving Average of $2.57
Shares of Imperial Metals Corp (TSE:III) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.57 and traded as high as $2.25. Imperial Metals shares last traded at $2.21, with a volume of 10,200 shares traded.
Several equities research analysts have recently issued reports on III shares. CIBC lowered their target price on shares of Imperial Metals from C$3.50 to C$3.00 in a research note on Thursday, May 16th. TD Securities lowered their target price on shares of Imperial Metals from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research note on Thursday, May 16th.
The company has a current ratio of 1.28, a quick ratio of 0.03 and a debt-to-equity ratio of 215.63. The firm’s 50-day moving average is C$2.57 and its two-hundred day moving average is C$2.57. The stock has a market cap of $307.61 million and a price-to-earnings ratio of -3.34.
In related news, insider Fairholme Capital Management, L.L.C. sold 23,892 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of C$2.49, for a total transaction of C$59,491.08. Following the completion of the transaction, the insider now owns 9,222,529 shares in the company, valued at approximately C$22,964,097.21. In the last 90 days, insiders have sold 66,698 shares of company stock valued at $168,350.
About Imperial Metals (TSE:III)
Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. The company explores for gold, copper, zinc, and lead. It operates through Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate segments. The company's key projects are Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia; and Huckleberry copper mine in west central British Columbia.
Receive News & Ratings for Imperial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Metals and related companies with MarketBeat.com's FREE daily email newsletter.