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Hannan Metals (CVE:HAN) Trading 16.7% Higher - Here's Why

Hannan Metals logo with Basic Materials background

Hannan Metals Ltd. (CVE:HAN - Get Free Report) was up 16.7% on Friday . The stock traded as high as C$1.29 and last traded at C$1.12. Approximately 509,267 shares traded hands during trading, an increase of 463% from the average daily volume of 90,504 shares. The stock had previously closed at C$0.96.

Hannan Metals Stock Up 1.0 %

The business has a 50-day simple moving average of C$0.75 and a 200-day simple moving average of C$0.62. The company has a debt-to-equity ratio of 3.59, a quick ratio of 5.40 and a current ratio of 3.27. The company has a market cap of C$127.28 million, a price-to-earnings ratio of -21.20 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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