Hannan Metals (CVE:HAN) Shares Up 30.2% – Here’s Why

Hannan Metals Ltd. (CVE:HAN)’s stock price shot up 30.2% on Friday . The stock traded as high as C$1.28 and last traded at C$1.25. 415,281 shares changed hands during trading, an increase of 403% from the average session volume of 82,593 shares. The stock had previously closed at C$0.96.

Hannan Metals Stock Up 18.8 %

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 moving average price is C$0.73 and its two-hundred day moving average price is C$0.61. The company has a market capitalization of C$136.89 million, a P/E ratio of -22.80 and a beta of 0.48.

About Hannan Metals

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.