Hannan Metals (CVE:HAN) Trading 33.3% Higher – Here’s What Happened

Hannan Metals Ltd. (CVE:HAN) shares rose 33.3% during mid-day trading on Thursday . The stock traded as high as C$1.01 and last traded at C$0.96. Approximately 560,714 shares traded hands during mid-day trading, an increase of 642% from the average daily volume of 75,552 shares. The stock had previously closed at C$0.72.

Hannan Metals Price Performance

The firm has a market capitalization of C$136.89 million, a P/E ratio of -22.80 and a beta of 0.48. The business’s 50-day simple moving average is C$0.74 and its 200 day simple moving average is C$0.62. The company has a quick ratio of 5.40, a current ratio of 3.27 and a debt-to-equity ratio of 3.59.

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.