Hannan Metals (CVE:HAN) Trading 15.3% Higher – Still a Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) shot up 15.3% during trading on Thursday . The company traded as high as C$0.90 and last traded at C$0.83. 150,728 shares were traded during trading, an increase of 152% from the average session volume of 59,783 shares. The stock had previously closed at C$0.72.

Hannan Metals Trading Up 25.0 %

The company has a debt-to-equity ratio of 3.59, a current ratio of 3.27 and a quick ratio of 5.40. The firm has a market cap of C$108.07 million, a price-to-earnings ratio of -18.00 and a beta of 0.48. The business’s 50-day moving average price is C$0.72 and its two-hundred day moving average price is C$0.61.

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.

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