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Hannan Metals (CVE:HAN) Trading Down 21.5% - What's Next?

Hannan Metals logo with Basic Materials background

Hannan Metals Ltd. (CVE:HAN - Get Free Report)'s share price dropped 21.5% during mid-day trading on Thursday . The stock traded as low as C$0.84 and last traded at C$0.84. Approximately 460,016 shares were traded during mid-day trading, an increase of 284% from the average daily volume of 119,692 shares. The stock had previously closed at C$1.07.

Hannan Metals Price Performance

The firm's 50-day moving average price is C$1.21 and its 200-day moving average price is C$0.90. The company has a market cap of C$113.53 million, a price-to-earnings ratio of -20.06 and a beta of 0.48.

About Hannan Metals

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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.

Further Reading

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