Highland Copper (CVE:HI) Trading 20% Higher – Should You Buy?

Highland Copper Company Inc. (CVE:HIGet Free Report) shares rose 20% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 883,912 shares traded hands during trading, an increase of 1,074% from the average daily volume of 75,290 shares. The stock had previously closed at C$0.10.

Highland Copper Stock Performance

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

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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