Hannan Metals (CVE:HAN) Stock Price Up 9.3% – Still a Buy?

Hannan Metals Ltd. (CVE:HAN) shares were up 9.3% during mid-day trading on Monday . The stock traded as high as C$0.56 and last traded at C$0.53. Approximately 36,560 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 63,829 shares. The stock had previously closed at C$0.49.

Hannan Metals Stock Up 9.3 %

The company has a market capitalization of C$63.64 million, a price-to-earnings ratio of -10.60 and a beta of 0.48. The company has a current ratio of 3.27, a quick ratio of 5.40 and a debt-to-equity ratio of 3.59. The firm’s 50 day simple moving average is C$0.53 and its 200-day simple moving average is C$0.51.

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.