Hannan Metals (CVE:HAN) Stock Price Up 33.3% – Here’s Why

Hannan Metals Ltd. (CVE:HANGet Free Report) traded up 33.3% on Friday . The company traded as high as C$1.01 and last traded at C$0.96. 560,714 shares were traded during mid-day trading, an increase of 642% from the average session volume of 75,552 shares. The stock had previously closed at C$0.72.

Hannan Metals Stock Up 33.3 %

The company has a quick ratio of 5.40, a current ratio of 3.27 and a debt-to-equity ratio of 3.59. The business has a 50-day simple moving average of C$0.72 and a 200-day simple moving average of C$0.61. The company has a market cap of C$115.28 million, a PE ratio of -19.20 and a beta of 0.48.

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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