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Hannan Metals (CVE:HAN) Stock Price Down 22.8% - Here's Why

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.
  • Interested in Hannan Metals? Here are five stocks we like better.

Shares of Hannan Metals Ltd. (CVE:HAN - Get Free Report) traded down 22.8% on Wednesday . The company traded as low as C$0.57 and last traded at C$0.61. 634,579 shares were traded 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 Performance

The stock has a 50-day moving average price of C$0.91 and a two-hundred day moving average price of C$1.05. The stock has a market capitalization of C$92.49 million, a PE ratio of -74.00 and a beta of 0.39.

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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