Hannan Metals (CVE:HAN) Stock Price Up 33.3% – Still a Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) rose 33.3% during mid-day trading on Thursday . The stock traded as high as C$1.01 and last traded at C$0.96. Approximately 560,714 shares traded hands during mid-day trading, an increase of 643% from the average daily volume of 75,475 shares. The stock had previously closed at C$0.72.

Hannan Metals Stock Up 18.8 %

The firm has a market cap of C$136.89 million, a PE ratio of -22.80 and a beta of 0.48. The company has a 50-day simple moving average of C$0.74 and a 200-day simple moving average of C$0.62. The company has a debt-to-equity ratio of 3.59, a current ratio of 3.27 and a quick ratio of 5.40.

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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