Shares of iMetal Resources Inc. (CVE:IMR – Get Free Report) dropped 13.6% on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 136,100 shares were traded during trading, a decline of 41% from the average daily volume of 229,517 shares. The stock had previously closed at C$0.11.
iMetal Resources Price Performance
The stock has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.17. The firm has a market cap of C$4.24 million, a PE ratio of -0.70 and a beta of 0.84.
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.
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