iMetal Resources (CVE:IMR) Trading Up 4.9% – Here’s Why

iMetal Resources Inc. (CVE:IMR) shares traded up 4.9% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 3,000 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 11,070 shares. The stock had previously closed at C$0.21.

iMetal Resources Stock Up 4.9 %

The stock has a market capitalization of C$1.21 million, a price-to-earnings ratio of -0.50 and a beta of 1.59. The firm’s fifty day moving average is C$0.21 and its 200-day moving average is C$0.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 7.79.

iMetal Resources (CVE:IMR) last posted its quarterly earnings results on Monday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter.

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.