iMetal Resources (CVE:IMR) Hits New 12-Month Low – What’s Next?
by Mitch Edgeman · The Markets DailyiMetal Resources Inc. (CVE:IMR – Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 2654 shares trading hands. The stock had previously closed at C$0.09.
iMetal Resources Stock Performance
The stock has a market cap of C$3.63 million, a price-to-earnings ratio of -0.60 and a beta of 0.84. The company’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.16.
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.