Hannan Metals (CVE:HAN) Stock Price Down 10.3% - What's Next?

Key Points

• Hannan Metals Ltd. shares fell by 10.3%, trading at C$0.78, with approximately 211,800 shares exchanged, indicating a significant increase in trading volume.
• The company's 50-day moving average is C$0.94, while the 200-day moving average is C$1.07, suggesting a downward trend in stock performance.
• Hannan Metals is primarily focused on mineral exploration in Ireland and Peru, with its flagship project being the San Martin project covering 65,600 hectares in Peru.

Hannan Metals Ltd. (CVE:HAN - ) shares dropped 10.3% during trading on Monday . The company traded as low as C$0.78 and last traded at C$0.78. Approximately 211,800 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 110,553 shares. The stock had previously closed at C$0.87.

Hannan Metals Stock Performance

The stock's 50-day moving average is C$0.94 and its 200 day moving average is C$1.07. The firm has a market cap of C$95.79 million, a P/E ratio of -16.92 and a beta of 0.48.

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.

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