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Highland Copper (CVE:HI) Trading 20% Higher - What's Next?

Highland Copper logo with Basic Materials background
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Highland Copper Company Inc. (CVE:HI - Get Free Report)'s stock price shot up 20% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. 883,912 shares changed hands during trading, an increase of 1,074% from the average session volume of 75,290 shares. The stock had previously closed at C$0.10.

Highland Copper Stock Performance

The stock has a market cap of C$77.32 million, a P/E ratio of 2.63 and a beta of 1.32. The company has a current ratio of 14.97, a quick ratio of 10.92 and a debt-to-equity ratio of 4.52. The stock has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09.

About Highland Copper

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Highland Copper Company Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for copper deposits. Its primary properties include the Copperwood project; and the White Pine North project located in the Upper Peninsula of Michigan.

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