Highland Copper (CVE:HI) Trading Down 12.1% – Here’s Why

Highland Copper Company Inc. (CVE:HI)’s stock price dropped 12.1% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 474,775 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 394,799 shares. The stock had previously closed at C$0.17.

Highland Copper Stock Performance

The company’s 50-day moving average price is C$0.14 and its 200 day moving average price is C$0.15. 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 stock has a market capitalization of C$114.42 million, a PE ratio of -7.75 and a beta of 1.34.

Highland Copper Company Profile

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. The company was formerly known as Highland Resources Inc and changed its name to Highland Copper Company Inc in October 2012. Highland Copper Company Inc is based in Vancouver, Canada.