iMetal Resources (CVE:IMR) Stock Price Down 2.4% – Here’s Why

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

iMetal Resources Stock Performance

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

iMetal Resources (CVE:IMR) last posted 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.