Highland Copper (CVE:HI) Shares Up 20% – Time to Buy?

Highland Copper Company Inc. (CVE:HI)’s share price rose 20% during trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 883,912 shares were traded during trading, an increase of 1,074% from the average daily volume of 75,290 shares. The stock had previously closed at C$0.10.

Highland Copper Trading Up 20.0 %

The stock has a 50-day moving average of C$0.08 and a 200 day moving average of C$0.09. The company has a quick ratio of 10.92, a current ratio of 14.97 and a debt-to-equity ratio of 4.52. The stock has a market cap of C$88.36 million, a PE ratio of 3.00 and a beta of 1.32.

Highland Copper Company Profile

Highland Copper Company Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for copper deposits. Its primary properties include the Copperwood project; and the White Pine North project located in the Upper Peninsula of Michigan.