Highland Copper (CVE:HI) Shares Down 4.2% - Should You Sell?

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 was down 4.2% on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 383,500 shares traded hands during trading, an increase of 265% from the average daily volume of 105,019 shares. The stock had previously closed at C$0.12.

Highland Copper Stock Performance

The stock has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of 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. The stock has a market cap of C$81.00 million, a P/E ratio of 2.75 and a beta of 1.32.

Insider Activity

In other news, Senior Officer Wynand Andre Van Dyk acquired 650,000 shares of Highland Copper stock in a transaction that occurred on Tuesday, June 24th. The shares were acquired at an average price of C$0.10 per share, for a total transaction of C$65,540.80. In the last 90 days, insiders 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.