Highland Copper (CVE:HI) Hits New 52-Week High - Time to Buy?

Key Points

• Highland Copper's shares reached a new 52-week high of C$0.14, with a last trading price of C$0.12, showing increased activity with 527,924 shares traded.
• The company has a market capitalization of C$88.36 million, a PE ratio of 3.00, and notable financial ratios including a current ratio of 14.97.
• Senior Officer Wynand Andre Van Dyk purchased 650,000 shares at C$0.10 each, indicating insider confidence, as corporate insiders acquired a total of 810,000 shares in the last ninety days.

Shares of Highland Copper Company Inc. (CVE:HI - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$0.14 and last traded at C$0.12, with a volume of 527924 shares trading hands. The stock had previously closed at C$0.12.

Highland Copper Stock Down 4.2%

The firm has a market cap of C$84.68 million, a P/E ratio of 2.88 and a beta of 1.32. The stock's fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.09. The company has a current ratio of 14.97, a quick ratio of 10.92 and a debt-to-equity ratio of 4.52.

Insider Transactions at Highland Copper

In related news, Senior Officer Wynand Andre Van Dyk acquired 650,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average price of C$0.10 per share, for a total transaction of C$65,540.80. Insiders bought a total of 810,000 shares of company stock worth $80,741 over the last three months. Insiders own 0.56% of the company's stock.

About Highland Copper

Highland Copper Company Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for copper deposits. Its primary properties include the Copperwood project; and the White Pine North project located in the Upper Peninsula of Michigan.