iMetal Resources (CVE:IMR) Shares Down 16.1% – What’s Next?

iMetal Resources Inc. (CVE:IMR)’s share price was down 16.1% during trading on Thursday. The company traded as low as C$0.12 and last traded at C$0.13. Approximately 100,683 shares changed hands during trading, a decline of 30% from the average daily volume of 143,383 shares. The stock had previously closed at C$0.15.

iMetal Resources Stock Down 16.1%

The stock has a 50 day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.13. The stock has a market capitalization of C$9.42 million, a P/E ratio of -2.17 and a beta of 0.55.

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.