Imperial Metals (TSE:III) Hits New 1-Year Low - What's Next?

Key Points

• Imperial Metals shares hit a new 52-week low, falling to C$5.95 intraday and last trading at C$5.98, down from the previous close of C$6.27.
• The company reported quarterly revenue of C$166.52 million and earnings of C$0.13 per share, with a 16.39% net margin and 10.49% return on equity. Analysts expect full-year earnings of C$0.07 per share.
• Insiders have recently reduced their holdings, including a sale of 9,500 shares by insider Randall Thompson; insiders still own 49.27% of the company.

Imperial Metals Co. (TSE:III - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$5.95 and last traded at C$5.98, with a volume of 24,493 shares traded. The stock had previously closed at C$6.27.

Imperial Metals Price Performance

The company has a debt-to-equity ratio of 18.54, a current ratio of 0.79 and a quick ratio of 0.30. The firm's 50 day moving average is C$8.40 and its 200 day moving average is C$8.30. The firm has a market cap of C$1.06 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

Imperial Metals (TSE:III - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Imperial Metals had a net margin of 16.39% and a return on equity of 10.49%. The business had revenue of C$166.52 million for the quarter. As a group, analysts anticipate that Imperial Metals Co. will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Randall Thompson sold 9,500 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$9.79, for a total transaction of C$93,005.00. Following the completion of the transaction, the insider owned 21,146 shares of the company's stock, valued at C$207,019.34. This trade represents a 31.00% decrease in their position. Over the last three months, insiders sold 15,500 shares of company stock worth $151,750. 49.27% of the stock is owned by company insiders.

Imperial Metals Company Profile

Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

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