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

Highland Copper Company Inc. (CVE:HIGet Free Report) was up 20% during mid-day trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 883,912 shares traded hands during mid-day 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 Price Performance

The stock has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.09. The company has a debt-to-equity ratio of 4.52, a quick ratio of 10.92 and a current ratio of 14.97. The company 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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