Shares of Hannan Metals Ltd. (CVE:HAN – Get Free Report) shot up 9% during trading on Monday . The stock traded as high as C$0.87 and last traded at C$0.85. Approximately 142,494 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 67,028 shares. The stock had previously closed at C$0.78.
Hannan Metals Price Performance
The stock has a market cap of C$123.09 million, a price-to-earnings ratio of -42.50 and a beta of 0.50. The firm has a 50 day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.65.
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. The company was formerly known as Mitchell Resources Ltd. and changed its name to Hannan Metals Ltd. in January 2017. Hannan Metals Ltd. is based in Vancouver, Canada.
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