Hannan Metals (CVE:HAN) Trading Down 4.9% - Here's Why

Key Points

• Hannan Metals Ltd. (CVE:HAN)'s stock price fell by 4.9% during trading, closing at C$0.78, with a trading volume decrease of 53% from its average.
• The company's market capitalization stands at C$97.49 million with a PE ratio of -78.00 and a 50-day moving average price of C$0.87.
• Hannan Metals is a junior mineral exploration company focused on acquiring and exploring mineral properties in Ireland and Peru, notably its flagship San Martin project.

Hannan Metals Ltd. (CVE:HAN - )'s stock price dropped 4.9% during trading on Wednesday . The stock traded as low as C$0.78 and last traded at C$0.78. Approximately 52,240 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 112,086 shares. The stock had previously closed at C$0.82.

Hannan Metals Stock Performance

The company's 50-day moving average price is C$0.87 and its 200 day moving average price is C$1.04. The stock has a market capitalization of C$97.49 million, a PE ratio of -78.00 and a beta of 0.34.

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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