Hannan Metals (CVE:HAN) Stock Price Down 21.5% – Should You Sell?

Hannan Metals Ltd. (CVE:HAN)’s share price traded down 21.5% during mid-day trading on Thursday . The company traded as low as C$0.84 and last traded at C$0.84. 460,016 shares traded hands during mid-day trading, an increase of 284% from the average session volume of 119,692 shares. The stock had previously closed at C$1.07.

Hannan Metals Stock Performance

The business’s 50 day moving average is C$1.21 and its 200-day moving average is C$0.89. The stock has a market cap of C$99.34 million, a price-to-earnings ratio of -17.55 and a beta of 0.48.

Hannan Metals Company Profile

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.