iMetal Resources (CVE:IMR) Shares Up 38.5%

Shares of iMetal Resources Inc (CVE:IMR) shot up 38.5% during mid-day trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09, 552,000 shares were traded during mid-day trading. An increase of 32% from the average session volume of 418,010 shares. The stock had previously closed at C$0.07.

The stock has a market capitalization of $7.62 million and a P/E ratio of -7.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.13 and a quick ratio of 6.30. The business’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07.

iMetal Resources Company Profile (CVE:IMR)

iMetal Resources Inc explores for and develops mineral properties in Canada. The company primarily explores for precious and base metal resources. It owns the Gowganda West Project covering an area of 105 squares kilometers situated in Ontario; various claims in the Temagami North Property situated in north-eastern Ontario; Carheil property that covers an area of approximately 5,400 acres located in Quebec.

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