iMetal Resources (CVE:IMR) Trading Down 2.4% – What’s Next?

iMetal Resources Inc. (CVE:IMR)’s share price traded down 2.4% during trading on Thursday . The company traded as low as C$0.20 and last traded at C$0.20. 18,800 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 9,969 shares. The stock had previously closed at C$0.21.

iMetal Resources Trading Down 2.4 %

The firm has a market capitalization of C$1.12 million, a price-to-earnings ratio of -0.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13. The company has a 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.22.

iMetal Resources (CVE:IMR) last released its earnings results on Monday, October 28th. The company reported C($0.02) earnings per share for the quarter.

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.