Imperial Metals (TSE:III) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Imperial Metals shares have crossed above their two hundred day moving average, trading at C$3.99 compared to the moving average of C$3.44.
• The company has seen significant insider selling, with insiders selling 111,650 shares worth C$447,393 over the last ninety days.
• Imperial Metals has a market capitalization of C$654.79 million and a debt-to-equity ratio of 49.76.

Imperial Metals Co. (TSE:III - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.44 and traded as high as C$4.02. Imperial Metals shares last traded at C$3.99, with a volume of 59,779 shares traded.

Imperial Metals Price Performance

The company has a debt-to-equity ratio of 49.76, a current ratio of 0.48 and a quick ratio of 0.30. The company's 50-day simple moving average is C$4.70 and its 200-day simple moving average is C$3.50. The stock has a market capitalization of C$690.90 million, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 0.26 and a beta of 1.20.

Insider Buying and Selling at Imperial Metals

In related news, Director J. Brian Kynoch sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$4.61, for a total value of C$46,100.00. Also, Senior Officer Sheila Colwill sold 10,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$3.86, for a total transaction of C$38,600.00. Insiders have sold 111,650 shares of company stock worth $447,393 over the last ninety days. Insiders own 49.27% of the company's stock.

Imperial Metals Company Profile

Imperial Metals Corporation is a Vancouver based mining company active in the acquisition, exploration, development, mining and production of base and precious metals. Our principal properties in British Columbia include the wholly owned Mount Polley and Huckleberry copper mines, a 30% interest in the Red Chris mine.