Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, L.L.C. sold 23,892 shares of Imperial Metals stock in a transaction on Thursday, August 1st. The stock was sold at an average price of C$2.49, for a total transaction of C$59,491.08. Following the sale, the insider now owns 9,222,529 shares in the company, valued at approximately C$22,964,097.21.
Fairholme Capital Management, L.L.C. also recently made the following trade(s):
- On Tuesday, July 30th, Fairholme Capital Management, L.L.C. sold 32,100 shares of Imperial Metals stock. The shares were sold at an average price of C$2.49, for a total value of C$79,929.00.
- On Wednesday, July 24th, Fairholme Capital Management, L.L.C. sold 9,400 shares of Imperial Metals stock. The shares were sold at an average price of C$2.74, for a total value of C$25,756.00.
Shares of TSE III traded up C$0.01 during midday trading on Monday, reaching C$2.53. 4,500 shares of the company traded hands, compared to its average volume of 47,529. The firm has a market capitalization of $321.59 million and a price-to-earnings ratio of -2.74. The business’s 50-day moving average price is C$2.58. Imperial Metals Corp has a 12 month low of C$0.93 and a 12 month high of C$3.50. The company has a current ratio of 1.28, a quick ratio of 0.03 and a debt-to-equity ratio of 212.05.
A number of research analysts have issued reports on III shares. CIBC cut their price objective on Imperial Metals from C$3.50 to C$3.00 in a report on Thursday, May 16th. TD Securities cut their price objective on Imperial Metals from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Thursday, May 16th. Finally, Canaccord Genuity cut Imperial Metals from a “buy” rating to a “hold” rating and cut their price objective for the company from C$4.00 to C$2.75 in a report on Monday, April 15th.
About Imperial Metals
Imperial Metals Corporation acquires, explores for, develops, and produces base and precious metals in Canada. The company explores for gold, copper, zinc, and lead. It operates through Red Chris, Mount Polley, Sterling, Huckleberry, and Corporate segments. The company's key projects are Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia; and Huckleberry copper mine in west central British Columbia.
Further Reading: How does equity income fit into an investing strategy?
Receive News & Ratings for Imperial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Metals and related companies with MarketBeat.com's FREE daily email newsletter.