iMetal Resources (CVE:IMR) Shares Down 8%

iMetal Resources Inc. (CVE:IMR)’s share price fell 8% on Thursday . The company traded as low as C$0.46 and last traded at C$0.46. 1,600 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 11,292 shares. The stock had previously closed at C$0.50.

iMetal Resources Trading Down 8.0 %

The company has a market cap of C$2.58 million, a price-to-earnings ratio of -0.92 and a beta of 1.73. The business’s fifty day moving average price is C$0.30 and its 200 day moving average price is C$0.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.50 and a quick ratio of 7.79.

iMetal Resources (CVE:IMR) last posted its earnings results on Friday, January 26th. The company reported C($0.01) EPS for the quarter.

About iMetal Resources

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.