iMetal Resources (CVE:IMR) Stock Price Up 27.3% – Here’s Why

iMetal Resources Inc. (CVE:IMR)’s stock price rose 27.3% during trading on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 1,862,211 shares were traded during mid-day trading, an increase of 741% from the average daily volume of 221,540 shares. The stock had previously closed at C$0.11.

iMetal Resources Stock Performance

The firm has a market capitalization of C$5.65 million, a price-to-earnings ratio of -0.93 and a beta of 1.00. The firm has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

About iMetal Resources

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.