iMetal Resources (CVE:IMR) Shares Up 21.7% – What’s Next?

Shares of iMetal Resources Inc. (CVE:IMR) were up 21.7% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 695,483 shares traded hands during trading, an increase of 996% from the average daily volume of 63,428 shares. The stock had previously closed at C$0.12.

iMetal Resources Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79. The firm has a market capitalization of C$5.60 million, a P/E ratio of -0.86 and a beta of 0.16. The company’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.19.

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.