Insider Selling: Imperial Metals Corp (TSE:III) Insider Sells 32,100 Shares of Stock

Imperial Metals Corp (TSE:III) insider Fairholme Capital Management, L.L.C. sold 32,100 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of C$2.49, for a total transaction of C$79,929.00. Following the completion of the sale, the insider now owns 9,254,621 shares in the company, valued at approximately C$23,044,006.29.

Fairholme Capital Management, L.L.C. also recently made the following trade(s):

  • On Thursday, August 1st, Fairholme Capital Management, L.L.C. sold 23,892 shares of Imperial Metals stock. The stock was sold at an average price of C$2.49, for a total transaction of C$59,491.08.
  • On Wednesday, July 24th, Fairholme Capital Management, L.L.C. sold 9,400 shares of Imperial Metals stock. The stock was sold at an average price of C$2.74, for a total transaction of C$25,756.00.

III traded up C$0.01 during trading on Monday, reaching C$2.53. 4,500 shares of the company’s stock were exchanged, compared to its average volume of 47,529. Imperial Metals Corp has a fifty-two week low of C$0.93 and a fifty-two week high of C$3.50. The company has a debt-to-equity ratio of 212.05, a current ratio of 1.28 and a quick ratio of 0.03. The firm has a 50 day moving average of C$2.58. The company has a market cap of $321.59 million and a P/E ratio of -2.74.

Imperial Metals (TSE:III) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C($0.09) earnings per share for the quarter. The business had revenue of C$13.80 million for the quarter. Sell-side analysts anticipate that Imperial Metals Corp will post 0.06 earnings per share for the current fiscal year.

III has been the topic of a number of recent research reports. CIBC decreased their price target on shares of Imperial Metals from C$3.50 to C$3.00 in a research note on Thursday, May 16th. TD Securities decreased their price target on shares of Imperial Metals from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research note on Thursday, May 16th. Finally, Canaccord Genuity downgraded shares of Imperial Metals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$4.00 to C$2.75 in a research note 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.

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Insider Buying and Selling by Quarter for Imperial Metals (TSE:III)

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