Hannan Metals (CVE:HAN) Trading Down 22.8% - What's Next?

Key Points

• Hannan Metals Ltd. (CVE:HAN) experienced a significant decline in share price, trading down 22.8% to a last price of C$0.61 on Wednesday.
• The company, with a market capitalization of C$72.14 million, primarily focuses on mineral exploration in Ireland and Peru, targeting copper, gold, silver, zinc, and lead deposits.
• Notably, the trading volume increased by 454% compared to its average session, indicating heightened investor interest or volatility.

Hannan Metals Ltd. (CVE:HAN - )'s share price traded down 22.8% on Wednesday . The stock 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 Trading Down 22.8%

The company has a market capitalization of C$72.14 million, a price-to-earnings ratio of -12.75 and a beta of 0.48. The firm's 50 day moving average price is C$0.93 and its two-hundred day moving average price is C$1.06.

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.

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