Could Imperial Metals Corp Change Direction After Today’s Huge Decline?

 Could Imperial Metals Corp Change Direction After Today's Huge Decline?

The stock of Imperial Metals Corp (TSE:III) is a huge mover today! About 197,084 shares traded hands or 471.01% up from the average. Imperial Metals Corp (TSE:III) has risen 46.62% since April 8, 2016 and is uptrending. It has outperformed by 41.63% the S&P500.
The move comes after 7 months negative chart setup for the $384.84M company. It was reported on Nov, 14 by Barchart.com. We have $4.43 PT which if reached, will make TSE:III worth $42.33M less.

Imperial Metals Corp (TSE:III) Ratings Coverage

Out of 4 analysts covering Imperial Metals Corporation (TSE:III), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Imperial Metals Corporation has been the topic of 11 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, December 9.

Another recent and important Imperial Metals Corp (TSE:III) news was published by Business.Financialpost.com which published an article titled: “Murray Edwards helps bail out Imperial Metals Corp with $30 million loan” on May 19, 2015.

Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The company has a market cap of $384.84 million. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia. It currently has negative earnings. It operates through five divisions: Mount Polley, Red Chris, Sterling, Huckleberry, and Corporate, which includes all other properties, and related exploration and development activities.

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