Hannan Metals (CVE:HAN) Shares Up 31.3% – Here’s Why

Hannan Metals Ltd. (CVE:HANGet Free Report)’s stock price was up 31.3% during trading on Friday . The stock traded as high as C$1.26 and last traded at C$1.26. Approximately 383,181 shares changed hands during mid-day trading, an increase of 364% from the average daily volume of 82,593 shares. The stock had previously closed at C$0.96.

Hannan Metals Price Performance

The firm has a 50-day simple moving average of C$0.73 and a two-hundred day simple moving average of C$0.61. The company has a market capitalization of C$139.29 million, a price-to-earnings ratio of -23.20 and a beta of 0.48. The company has a current ratio of 3.27, a quick ratio of 5.40 and a debt-to-equity ratio of 3.59.

About Hannan Metals

(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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