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Hannan Metals (CVE:HAN) Trading 2.1% Higher - Still a Buy?

Hannan Metals logo with Basic Materials background

Key Points

  • Hannan Metals Ltd. shares increased by 2.1% on Friday, trading at C$0.98, despite a significant drop in trading volume of 54% compared to the average.
  • The company has a market cap of C$115.90 million and a PE ratio of -20.48, reflecting its current financial landscape as a junior mineral exploration company.
  • Hannan Metals focuses on exploring mineral properties in Ireland and Peru, with its flagship project being the 100% owned San Martin project located in Peru.
  • Five stocks to consider instead of Hannan Metals.

Hannan Metals Ltd. (CVE:HAN - Get Free Report) shares were up 2.1% during trading on Friday . The company traded as high as C$0.99 and last traded at C$0.98. Approximately 51,119 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 112,265 shares. The stock had previously closed at C$0.96.

Hannan Metals Trading Down 1.0%

The firm has a market cap of C$120.63 million, a price-to-earnings ratio of -21.31 and a beta of 0.48. The stock's 50 day moving average is C$0.98 and its 200 day moving average is C$1.06.

About Hannan Metals

(Get Free Report)

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.

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