iMetal Resources (CVE:IMR) Sets New 1-Year Low – Should You Sell?

iMetal Resources Inc. (CVE:IMR) shares hit a new 52-week low on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 32100 shares changing hands. The stock had previously closed at C$0.09.

iMetal Resources Price Performance

The stock’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.11. The stock has a market cap of C$3.63 million, a P/E ratio of -0.82 and a beta of 0.89.

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.