Imperial Metals (TSE:III) Shares Pass Above 200 Day Moving Average of $0.00

Shares of Imperial Metals Corp (TSE:III) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $2.68. Imperial Metals shares last traded at $2.64, with a volume of 7,873 shares trading hands.

Several research firms have recently issued reports on III. Canaccord Genuity cut Imperial Metals from a “buy” rating to a “hold” rating and reduced their target price for the company from C$4.00 to C$2.75 in a research note on Monday, April 15th. TD Securities cut their target price on Imperial Metals from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research note on Thursday, May 16th. Finally, CIBC cut their target price on Imperial Metals from C$3.50 to C$3.00 in a research note on Thursday, May 16th.

The company has a market capitalization of $312.69 million and a PE ratio of -2.99. The firm has a 50 day simple moving average of C$2.57. The company has a debt-to-equity ratio of 212.05, a current ratio of 1.28 and a quick ratio of 0.03.

Imperial Metals (TSE:III) last released its earnings results on Tuesday, May 14th. The company reported C($0.09) EPS for the quarter. The firm had revenue of C$13.80 million during the quarter. On average, sell-side analysts expect that Imperial Metals Corp will post 0.13 earnings per share for the current year.

In other news, insider Fairholme Capital Management, L.L.C. sold 23,892 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of C$2.49, for a total value of C$59,491.08. Following the sale, the insider now directly owns 9,222,529 shares of the company’s stock, valued at C$22,964,097.21. Over the last three months, insiders sold 72,498 shares of company stock worth $184,010.

About Imperial Metals (TSE:III)

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.

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