Hannan Metals (CVE:HAN) Stock Price Down 1.4% - Here's What Happened

Key Points

• Down 1.4%: Hannan Metals shares fell to C$0.72 during mid-day trading with only ~14,000 shares traded, an 81% drop from its average daily volume.
• Valuation/technicals: The company has a market cap of C$104.2M, a negative P/E (-36.00), a beta of 0.52, and its 50‑day/200‑day moving averages are C$0.78 and C$0.80 respectively.
• Business profile: Hannan Metals is a junior mineral explorer focused on copper, gold, silver, zinc and lead in Ireland and Peru, with a 100%‑owned flagship San Martin project covering 65,600 hectares in Peru.

Hannan Metals Ltd. (CVE:HAN - ) dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as C$0.72 and last traded at C$0.72. Approximately 14,000 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 74,157 shares. The stock had previously closed at C$0.73.

Hannan Metals Price Performance

The company has a market cap of C$104.20 million, a price-to-earnings ratio of -36.00 and a beta of 0.52. The firm's fifty day moving average price is C$0.78 and its 200-day moving average price is C$0.80.

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.

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