iMetal Resources (CVE:IMR) Shares Climb 15% – What’s Next?

by · The Markets Daily

iMetal Resources Inc. (CVE:IMR – Get Free Report) was up 15% during mid-day trading on Wednesday. The stock traded as high as C$0.23 and last traded at C$0.23. 111,500 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 157,064 shares. The stock had previously closed at C$0.20.

iMetal Resources Stock Performance

The company has a 50 day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.13. The firm has a market cap of C$9.28 million, a PE ratio of -2.09 and a beta of 1.29.

About iMetal Resources

(Get Free Report)

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.

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