IMPACT Silver (CVE:IPT) Trading Down 15.8% - Here's What Happened

Key Points

• IMPACT Silver Corp. saw its stock price decrease by 15.8% on Thursday, trading at C$0.32 compared to the previous close of C$0.38.
• Approximately 3.9 million shares were traded, indicating a significant increase of 777% from the average daily volume.
• The company, which operates in Mexico, engages in the exploration and processing of various mineral deposits, including silver, lead, zinc, and gold.

IMPACT Silver Corp. (CVE:IPT - Get Free Report)'s share price was down 15.8% during mid-day trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 3,878,245 shares traded hands during mid-day trading, an increase of 777% from the average daily volume of 442,355 shares. The stock had previously closed at C$0.38.

IMPACT Silver Stock Performance

The stock has a market cap of C$90.90 million, a P/E ratio of -16.50 and a beta of 1.44. The stock has a fifty day simple moving average of C$0.35 and a 200-day simple moving average of C$0.26. The company has a quick ratio of 7.14, a current ratio of 2.09 and a debt-to-equity ratio of 0.48.

About IMPACT Silver

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.