Altiplano Metals (CVE:APN) Shares Up 20% – Should You Buy?

Altiplano Metals Inc. (CVE:APN)’s share price shot up 20% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.06. 607,500 shares traded hands during mid-day trading, an increase of 424% from the average session volume of 115,948 shares. The stock had previously closed at C$0.05.

Altiplano Metals Price Performance

The stock has a market cap of C$7.82 million, a P/E ratio of -6.00 and a beta of 2.25. The company has a current ratio of 0.05, a quick ratio of 0.36 and a debt-to-equity ratio of 67.12. The company’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.07.

About Altiplano Metals

Altiplano Metals Inc, a junior resource company, focuses on evaluating and acquiring exploration projects in Chile. It explores for copper, silver, iron, and gold deposits. The company owns a 100% interest in the Farellon project and Maria Luisa project located near the town of La Serena, Republic of Chile.