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Hannan Metals (CVE:HAN) Shares Up 30.2% - Still a Buy?

Hannan Metals logo with Basic Materials background

Hannan Metals Ltd. (CVE:HAN - Get Free Report)'s stock price was up 30.2% during trading on Friday . The stock traded as high as C$1.28 and last traded at C$1.25. Approximately 415,281 shares changed 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 Stock Performance

The company's 50-day moving average price is C$0.75 and its 200 day moving average price is C$0.62. The stock has a market capitalization of C$127.28 million, a PE ratio of -21.20 and a beta of 0.48. The company has a debt-to-equity ratio of 3.59, a quick ratio of 5.40 and a current ratio of 3.27.

Hannan Metals Company Profile

(Get Free Report)

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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