Hannan Metals (CVE:HAN) Trading Up 9.3% – Should You Buy?

Hannan Metals Ltd. (CVE:HANGet Free Report) rose 9.3% during mid-day trading on Monday . The stock traded as high as C$0.56 and last traded at C$0.53. Approximately 36,560 shares were traded during trading, a decline of 43% from the average daily volume of 63,829 shares. The stock had previously closed at C$0.49.

Hannan Metals Trading Up 1.7 %

The firm has a market capitalization of C$70.85 million, a PE ratio of -11.80 and a beta of 0.48. The firm’s 50-day simple moving average is C$0.53 and its 200-day simple moving average is C$0.51. The company has a quick ratio of 5.40, a current ratio of 3.27 and a debt-to-equity ratio of 3.59.

About Hannan Metals

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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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