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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. experienced a significant stock price drop of 22.8%, trading as low as C$0.57 before closing at C$0.61.
  • The company's market capitalization stands at C$72.14 million, with a PE ratio of -12.75, indicating negative earnings.
  • Hannan Metals focuses on mineral exploration in Ireland and Peru, with its flagship project being the San Martin project, covering an area of 65,600 hectares.
  • Need better tools to track Hannan Metals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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

Hannan Metals Trading Up 2.8%

The firm has a market cap of C$92.49 million, a price-to-earnings ratio of -74.00 and a beta of 0.39. The company's 50-day moving average is C$0.91 and its 200-day moving average is C$1.05.

Hannan Metals Company Profile

(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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