Highland Copper (CVE:HI) Shares Down 4.2% - Here's Why

Key Points

• Highland Copper Company's shares fell by 4.2% during trading, dropping to C$0.12, marked by a significant increase in trading volume at 383,500 shares.
• The company maintains a strong liquidity position with a quick ratio of 10.92 and a current ratio of 14.97, indicating healthy financial management.
• Insider transactions surged, with a senior officer purchasing 650,000 shares for a total of C$65,540.80, highlighting confidence in the company's prospects.

Highland Copper Company Inc. (CVE:HI - Get Free Report)'s stock price traded down 4.2% during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. 383,500 shares changed hands during trading, an increase of 265% from the average session volume of 105,019 shares. The stock had previously closed at C$0.12.

Highland Copper Stock Down 8.3%

The firm has a market cap of C$81.00 million, a P/E ratio of 2.75 and a beta of 1.32. The business's fifty day moving average price is C$0.10 and its two-hundred day moving average price 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 Buying and Selling

In related news, Senior Officer Wynand Andre Van Dyk purchased 650,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of C$0.10 per share, for a total transaction of C$65,540.80. In the last quarter, insiders have acquired 810,000 shares of company stock valued at $80,741. Company 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.