iMetal Resources (CVE:IMR) Reaches New 52-Week Low – What’s Next?

iMetal Resources Inc. (CVE:IMR) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.09 and last traded at C$0.10, with a volume of 1000 shares traded. The stock had previously closed at C$0.09.

iMetal Resources Trading Up 5.6%

The company has a market cap of C$3.83 million, a PE ratio of -0.63 and a beta of 0.92. The business’s 50 day moving average is C$0.10 and its two-hundred day moving average is C$0.15.

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.