Imperial Metals (TSE:III) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of Imperial Metals Co. (TSE:III) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$7.68 and traded as high as C$9.47. Imperial Metals shares last traded at C$9.46, with a volume of 131,054 shares trading hands.

Imperial Metals Trading Down 0.9%

The firm has a market cap of C$1.60 billion, a P/E ratio of 15.25, a PEG ratio of 0.26 and a beta of 0.91. The company has a 50 day moving average of C$8.51 and a 200 day moving average of C$7.69. The company has a debt-to-equity ratio of 18.54, a quick ratio of 0.30 and a current ratio of 0.79.

Imperial Metals (TSE:III) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$166.52 million during the quarter. Imperial Metals had a return on equity of 10.49% and a net margin of 16.39%. Analysts predict that Imperial Metals Co. will post 0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Imperial Metals news, insider Randall Thompson sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$9.89, for a total transaction of C$29,670.00. Following the completion of the sale, the insider owned 15,146 shares of the company’s stock, valued at C$149,793.94. This represents a 16.53% decrease in their ownership of the stock. In the last three months, insiders sold 15,500 shares of company stock valued at $151,750. 49.27% of the stock is currently owned by insiders.

Imperial Metals Company Profile

Imperial Metals Corporation is a Vancouver based mining company active in the acquisition, exploration, development, mining and production of base and precious metals. Our principal properties in British Columbia include the wholly owned Mount Polley and Huckleberry copper mines, a 30% interest in the Red Chris mine.