Imperial Metals Corp (TSE:III) shares fell 12.8% during trading on Thursday . The company traded as low as C$3.00 and last traded at C$3.01. 174,692 shares changed hands during trading, an increase of 78% from the average session volume of 97,990 shares. The stock had previously closed at C$3.45.
Several research analysts have recently issued reports on III shares. Canaccord Genuity increased their price target on Imperial Metals from C$1.50 to C$1.65 in a research note on Tuesday, January 8th. CIBC raised Imperial Metals from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$0.60 to C$3.50 in a research note on Wednesday.
The company has a market capitalization of $239.15 million and a PE ratio of -4.06. The company has a debt-to-equity ratio of 195.40, a current ratio of 0.08 and a quick ratio of 0.02.
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Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. The company explores for gold, copper, zinc, and lead. It operates through Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate segments. The company's key projects are Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia; and Huckleberry copper mine in west central British Columbia.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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