A projectile includes a nose portion with a tapered proximal portion and a rounded distal portion, an end of the tapered proximal portion having a first diameter. The projectile has a body portion substantially cylindrical in shape having a second diameter. A first end of the body portion is adjacent to the tapered proximal portion of the nose portion. The projectile has a heel portion substantially cylindrical in shape having a third diameter. A first end of the heel portion is adjacent to a second end of the body portion. The second diameter is greater than the third diameter. The projectile also has a depression defined in a second end of the heel portion. A rimfire ammunition and a method of manufacturing a projectile are also disclosed.