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Hannan Metals (CVE:HAN) Trading Down 22.8% - Here's What Happened

Hannan Metals logo with Basic Materials background

Key Points

  • Hannan Metals Ltd.'s stock price fell by 22.8%, closing at C$0.61 after trading as low as C$0.57.
  • Trading volume surged to approximately 634,579 shares, significantly higher than the average daily volume of 114,569 shares.
  • The company focuses on exploration of mineral properties for copper, gold, silver, zinc, and lead, with its flagship project located in Peru.
  • Looking to export and analyze Hannan Metals data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Hannan Metals Ltd. (CVE:HAN - Get Free Report) shares fell 22.8% during mid-day trading on Wednesday . The company traded as low as C$0.57 and last traded at C$0.61. 634,579 shares changed hands during trading, an increase of 454% from the average session volume of 114,569 shares. The stock had previously closed at C$0.79.

Hannan Metals Stock Up 4.3%

The stock has a market cap of C$85.15 million, a PE ratio of -15.04 and a beta of 0.48. The company's fifty day moving average is C$0.91 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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