IMPACT Silver (CVE:IPT) Shares Down 15.8% - Here's Why

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.

Shares of IMPACT Silver Corp. (CVE:IPT - Get Free Report) fell 15.8% during trading on Thursday . The company traded as low as C$0.32 and last traded at C$0.32. 3,878,245 shares traded hands during trading, an increase of 777% from the average session volume of 442,355 shares. The stock had previously closed at C$0.38.

IMPACT Silver Stock Down 9.0%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 7.14 and a current ratio of 2.09. The firm has a market capitalization of C$84.01 million, a PE ratio of -15.25 and a beta of 1.44. The company's 50 day simple moving average is C$0.35 and its 200-day simple moving average is C$0.26.

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.