Hannan Metals (CVE:HAN) Trading Up 15.3% – Time to Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) shares rose 15.3% during mid-day trading on Thursday . The stock traded as high as C$0.90 and last traded at C$0.83. Approximately 150,728 shares traded hands during trading, an increase of 152% from the average daily volume of 59,783 shares. The stock had previously closed at C$0.72.

Hannan Metals Stock Performance

The stock has a fifty day moving average price of C$0.73 and a 200 day moving average price of C$0.61. The company has a current ratio of 3.27, a quick ratio of 5.40 and a debt-to-equity ratio of 3.59. The firm has a market cap of C$136.89 million, a price-to-earnings ratio of -22.80 and a beta of 0.48.

Hannan Metals Company Profile

(Get Free Report)

Hannan Metals Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Ireland and Peru. The company explores for copper, gold, silver, zinc, and lead deposits. Its flagship project is the 100% owned the San Martin project covering an area of 65,600 hectares located to the northwest of Tarapoto, Peru.

Further Reading

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