iMetal Resources (CVE:IMR) Trading Up 9.5% – Should You Buy?

iMetal Resources Inc. (CVE:IMRGet Free Report)’s stock price shot up 9.5% during trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.23. 15,000 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 5,560 shares. The stock had previously closed at C$0.21.

iMetal Resources Price Performance

The company has a current ratio of 0.13, a quick ratio of 7.79 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.21. The company has a market cap of C$1.29 million, a PE ratio of -0.53 and a beta of 1.59.

iMetal Resources Company Profile

(Get Free Report)

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.

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