iMetal Resources (CVE:IMR) Shares Down 10% – Should You Sell?

iMetal Resources Inc. (CVE:IMR)’s share price was down 10% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 363,000 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 257,497 shares. The stock had previously closed at C$0.10.

iMetal Resources Trading Down 10.0%

The company has a market capitalization of C$3.63 million, a PE ratio of -0.60 and a beta of 0.59. 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’s fifty day moving average price is C$0.12 and its two-hundred day moving average price is C$0.18.

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.