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

Hannan Metals Ltd. (CVE:HAN) shares shot up 33.3% during mid-day trading on Friday . The stock traded as high as C$1.01 and last traded at C$0.96. 560,714 shares changed hands 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 Price Performance

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 company has a market cap of C$115.28 million, a price-to-earnings ratio of -19.20 and a beta of 0.48. The stock’s 50-day simple moving average is C$0.72 and its 200 day simple moving average is C$0.61.

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.