Hannan Metals (CVE:HAN) Sets New 1-Year Low - Time to Sell?

Key Points

• 52-week low: Hannan Metals (CVE:HAN) hit a new 52-week low, trading as low as C$0.53 and last at C$0.54 on a volume of 61,899 shares, down about 10% from the prior close of C$0.60.
• Key market metrics show a market cap of C$78.15 million, a negative P/E of -27.00, and the stock sitting below both its 50-day (C$0.75) and 200-day (C$0.80) simple moving averages.
• Hannan is a junior mineral exploration company operating in Ireland and Peru, with its flagship San Martin project (100% owned, 65,600 hectares) targeting copper, gold, silver, zinc, and lead.

Hannan Metals Ltd. (CVE:HAN - )'s stock price reached a new 52-week low on Thursday . The stock traded as low as C$0.53 and last traded at C$0.54, with a volume of 61899 shares changing hands. The stock had previously closed at C$0.60.

Hannan Metals Trading Down 10.0%

The firm has a market cap of C$78.15 million, a P/E ratio of -27.00 and a beta of 0.52. The business's fifty day simple moving average is C$0.75 and its 200-day simple moving average is C$0.80.

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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