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Inter-Rock Minerals plummets 18.8% on strong volume February 27, 2017 17:00 EST

Feb 27, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Inter-Rock Minerals Inc. (TSXV:IRO) has plummeted 3.0c (18.8%) from its last trading session of February 24 to close at 13.0c. Compared with the S&P/TSX 60 Index which fell 2.5 points (0.3%) in the day, the relative price change was -18.5%. The fall was exacerbated by strong volume of 2.6 times the average daily volume of 12,949 shares.

SECTION 1

INTER-ROCK MINERALS BEARISH SIGNALS

1.1 Fundamentals:

+ Price to Book of 4.8 [1.3].

Overvaluation [compared with sector average]...