iMetal Resources (CVE:IMR) Stock Price Down 15.4% – Should You Sell?

iMetal Resources Inc. (CVE:IMR)’s share price was down 15.4% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 125,500 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 59,867 shares. The stock had previously closed at C$0.13.

iMetal Resources Stock Performance

The company has a quick ratio of 7.79, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19. The company has a market capitalization of C$3.98 million, a price-to-earnings ratio of -0.61 and a beta of 0.16.

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.