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Highland Copper (CVE:HI) Shares Down 15.8% - Should You Sell?

Highland Copper logo with Basic Materials background

Key Points

  • Highland Copper's stock price dropped by 15.8%, closing at C$0.16 after trading significantly increased by 159% from its average volume.
  • The company has a market capitalization of C$121.50 million and a negative price-to-earnings ratio of -5.50.
  • Highland Copper is focused on the acquisition, exploration, and development of mineral properties in the U.S., primarily targeting copper deposits.
  • MarketBeat previews the top five stocks to own by November 1st.

Highland Copper Company Inc. (CVE:HI - Get Free Report)'s stock price fell 15.8% during trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.16. 337,791 shares traded hands during mid-day trading, an increase of 159% from the average session volume of 130,592 shares. The stock had previously closed at C$0.19.

Highland Copper Stock Down 13.2%

The firm's 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.11. The company has a market capitalization of C$121.50 million, a price-to-earnings ratio of -5.50 and a beta of 1.08. The company has a current ratio of 14.97, a quick ratio of 10.92 and a debt-to-equity ratio of 4.52.

Highland Copper Company Profile

(Get Free Report)

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.

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