Hannan Metals (CVE:HAN) Shares Down 1.7% - Time to Sell?

Key Points

• Shares fell 1.7% to C$0.59 on mid-day trading with 44,229 shares changing hands (down 38% from average); the stock trades below its 50‑day (C$0.63) and 200‑day (C$0.75) moving averages and has a market cap of C$85.44M with a negative PE (-29.50).
• Hannan Metals is a junior mineral explorer targeting copper, gold, silver, zinc and lead in Ireland and Peru, with a 100%‑owned flagship San Martin project covering 65,600 hectares northwest of Tarapoto, Peru.

Hannan Metals Ltd. (CVE:HAN - ) shares fell 1.7% during mid-day trading on Tuesday . The company traded as low as C$0.59 and last traded at C$0.59. 44,229 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 70,987 shares. The stock had previously closed at C$0.60.

Hannan Metals Trading Down 1.7%

The business has a fifty day moving average price of C$0.63 and a 200-day moving average price of C$0.75. The stock has a market capitalization of C$85.44 million, a PE ratio of -29.50 and a beta of 0.79.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.