Imperial Metals (OTCMKTS:IPMLF) Trading 2.4% Higher – Still a Buy?
by Scott Moore · The Cerbat GemImperial Metals Co. (OTCMKTS:IPMLF – Get Free Report) shares were up 2.4% during trading on Friday . The company traded as high as $5.10 and last traded at $5.10. Approximately 162,832 shares changed hands during mid-day trading, an increase of 315% from the average daily volume of 39,223 shares. The stock had previously closed at $4.98.
Imperial Metals Price Performance
The business has a 50-day simple moving average of $5.27 and a 200 day simple moving average of $6.38.
About Imperial Metals
Imperial Metals Corporation is a Canada-based diversified mining company engaged in the exploration, development, and production of base and precious metals. The company’s principal assets include the Red Chris mine and the Mount Polley mine, both located in British Columbia. These operations focus primarily on the extraction of copper, gold and silver, with by-products such as molybdenum generated at Red Chris.
At Red Chris, Imperial Metals employs both open-pit and underground mining techniques to access copper-gold mineralization hosted within the Early Jurassic Hazelton volcanics.