iMetal Resources (CVE:IMR) Stock Price Down 16% – What’s Next?

iMetal Resources Inc. (CVE:IMR) traded down 16% on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. 800 shares traded hands 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 Trading Down 16.0 %

The company has a market capitalization of C$1.18 million, a price-to-earnings ratio of -0.49 and a beta of 1.59. The business’s 50 day moving average price is C$0.21 and its two-hundred day moving average price is C$0.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.79 and a current ratio of 0.13.

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