Hannan Metals (CVE:HAN) Shares Up 36.1% – Should You Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) shares were up 36.1% on Thursday . The stock traded as high as C$0.98 and last traded at C$0.98. Approximately 406,881 shares traded hands during trading, an increase of 512% from the average daily volume of 66,503 shares. The stock had previously closed at C$0.72.

Hannan Metals Stock Performance

The company has a market capitalization of C$136.89 million, a P/E ratio of -22.80 and a beta of 0.48. The company has a debt-to-equity ratio of 3.59, a quick ratio of 5.40 and a current ratio of 3.27. The business’s fifty day simple moving average is C$0.74 and its 200-day simple moving average is C$0.62.

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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