iMetal Resources Inc. (CVE:IMR – Get Free Report) shares dropped 12.5% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 236,266 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 129,217 shares. The stock had previously closed at C$0.08.
iMetal Resources Trading Down 18.8 %
The company has a market capitalization of C$3.31 million, a price-to-earnings ratio of -1.63 and a beta of 1.32. The company has a quick ratio of 7.79, a current ratio of 2.82 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.18.
iMetal Resources (CVE:IMR – Get Free Report) last announced its earnings results on Wednesday, August 30th. 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.
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