Hannan Metals (CVE:HAN) Shares Up 9.3% – Should You Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) shot up 9.3% on Monday . The company traded as high as C$0.56 and last traded at C$0.53. 36,560 shares were traded during trading, a decline of 43% from the average session volume of 63,829 shares. The stock had previously closed at C$0.49.

Hannan Metals Stock Up 1.7 %

The company has a market cap of C$70.85 million, a P/E ratio of -11.80 and a beta of 0.48. The stock has a 50-day moving average of C$0.53 and a two-hundred day moving average of C$0.51. The company has a debt-to-equity ratio of 3.59, a quick ratio of 5.40 and a current ratio of 3.27.

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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