IMPACT Silver (CVE:IPT) Shares Down 15.8% - Should You Sell?

Key Points

• IMPACT Silver Corp. experienced a significant drop of 15.8% in stock price, closing at C$0.32, which is a considerable decline from its previous close of C$0.38.
• The trading volume surged to approximately 3.9 million shares, marking an increase of 777% compared to the average daily volume.
• The company, involved in the exploration and production of silver, lead, zinc, and gold in Mexico, has a market cap of C$88.14 million and a PE ratio of -16.00.

IMPACT Silver Corp. (CVE:IPT - Get Free Report)'s stock price fell 15.8% on Wednesday . The stock 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 Performance

The company has a current ratio of 2.09, a quick ratio of 7.14 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is C$0.35 and its two-hundred day moving average price is C$0.26. The company has a market cap of C$91.45 million, a P/E ratio of -16.60 and a beta of 1.44.

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.