IMPACT Silver (CVE:IPT) Trading Down 11.8% - Should You Sell?

Key Points

• IMPACT Silver Corp. (CVE:IPT) experienced a significant decline in its stock price, down 11.8% to C$0.34 on Wednesday, with trading volume increasing to approximately 1.68 million shares.
• The company has a market capitalization of C$90.90 million and operates with a negative P/E ratio of -16.50.
• IMPACT Silver focuses on mineral exploration and processing in Mexico, producing silver, lead, zinc, and gold across its 211 square kilometers of mining interests.

IMPACT Silver Corp. (CVE:IPT - Get Free Report) fell 11.8% during mid-day trading on Wednesday . The stock traded as low as C$0.33 and last traded at C$0.34. 1,682,918 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 426,763 shares. The stock had previously closed at C$0.38.

IMPACT Silver Trading Up 8.1%

The firm's 50 day moving average price is C$0.35 and its 200-day moving average price is C$0.26. The stock has a market cap of C$92.27 million, a P/E ratio of -16.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.09 and a quick ratio of 7.14.

IMPACT Silver Company Profile

IMPACT Silver Corp. engages in the exploration, development, and mineral processing activities in Mexico. The company produces silver, lead, zinc, and gold deposits. It owns interest in the Royal Mines of Zacualpan and the Capire Mineral District together covering an area of approximately 211 square kilometers located in central Mexico.