INV Metals (TSE:INV) Shares Down 14.3%
Shares of INV Metals Inc (TSE:INV) were down 14.3% during trading on Wednesday . The stock traded as low as C$0.35 and last traded at C$0.36, approximately 55,500 shares traded hands during mid-day trading. An increase of 44% from the average daily volume of 38,623 shares. The stock had previously closed at C$0.42.
Separately, BMO Capital Markets lowered their price objective on shares of INV Metals from C$2.00 to C$1.50 in a research report on Wednesday, September 11th.
The firm has a market cap of $40.87 million and a P/E ratio of -9.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is C$0.39 and its 200 day simple moving average is C$0.41.
About INV Metals (TSE:INV)
INV Metals Inc, a mineral resource company, engages in the acquisition, exploration, and development of precious and base metal projects primarily in Ecuador. The company's principal property is its 100% owned Loma Larga gold property located to the southwest of the city of Cuenca, Ecuador. It also owns 100% interests in exploration concessions, including Las Peñas, Tierras Coloradas, La Rebuscada, and Carolina.
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