Hannan Metals Ltd. (CVE:HAN – Get Free Report) shares dropped 3.3% during mid-day trading on Tuesday . The stock traded as low as C$0.58 and last traded at C$0.58. Approximately 56,045 shares traded hands during trading, a decline of 19% from the average daily volume of 69,416 shares. The stock had previously closed at C$0.60.
Hannan Metals Price Performance
The stock has a market cap of C$83.99 million, a price-to-earnings ratio of -29.00 and a beta of 0.79. The company’s fifty day moving average price is C$0.59 and its 200-day moving average price is C$0.73.
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. The company was formerly known as Mitchell Resources Ltd. and changed its name to Hannan Metals Ltd. in January 2017. Hannan Metals Ltd. is based in Vancouver, Canada.
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