Hannan Metals (CVE:HAN) Trading 30.2% Higher – Here’s What Happened

Hannan Metals Ltd. (CVE:HAN)’s stock price rose 30.2% during mid-day trading on Friday . The company traded as high as C$1.28 and last traded at C$1.25. Approximately 415,281 shares traded hands during mid-day trading, an increase of 403% from the average daily volume of 82,593 shares. The stock had previously closed at C$0.96.

Hannan Metals Trading Up 18.8 %

The business has a 50-day simple moving average of C$0.73 and a two-hundred day simple moving average of C$0.61. The company has a debt-to-equity ratio of 3.59, a current ratio of 3.27 and a quick ratio of 5.40. The stock has a market cap of C$136.89 million, a price-to-earnings ratio of -22.80 and a beta of 0.48.

About Hannan Metals

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.