Imperial Metals (OTCMKTS:IPMLF) Trading Down 6.6% – Should You Sell?

Shares of Imperial Metals Co. (OTCMKTS:IPMLF) fell 6.6% on Thursday . The stock traded as low as $6.4760 and last traded at $6.52. 25,750 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 43,404 shares. The stock had previously closed at $6.98.

Imperial Metals Trading Up 0.6%

The company’s 50 day moving average is $7.98 and its 200-day moving average is $5.85.

About Imperial Metals

Imperial Metals Corporation is a Canada-based diversified mining company engaged in the exploration, development, and production of base and precious metals. The company’s principal assets include the Red Chris mine and the Mount Polley mine, both located in British Columbia. These operations focus primarily on the extraction of copper, gold and silver, with by-products such as molybdenum generated at Red Chris.

At Red Chris, Imperial Metals employs both open-pit and underground mining techniques to access copper-gold mineralization hosted within the Early Jurassic Hazelton volcanics.