iMetal Resources (CVE:IMR) Stock Price Down 16% – Time to Sell?

iMetal Resources Inc. (CVE:IMR)’s stock price fell 16% during mid-day trading on Thursday . The stock traded as low as C$0.21 and last traded at C$0.21. 800 shares were traded during trading, a decline of 88% from the average session volume of 6,497 shares. The stock had previously closed at C$0.25.

iMetal Resources Price Performance

The stock has a fifty day moving average price of C$0.21 and a 200-day moving average price of C$0.21. The company has a market cap of C$1.18 million, a PE ratio of -0.49 and a beta of 1.59. 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 (CVE:IMR) last posted its quarterly earnings results on Monday, October 28th. The company reported C($0.02) EPS 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.