Highland Copper (CVE:HI) Stock Price Up 5% - Time to Buy?

Highland Copper Company Inc. (CVE:HI - Get Free Report) rose 5% on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 270,400 shares were traded during trading, an increase of 188% from the average daily volume of 94,041 shares. The stock had previously closed at C$0.10.

Highland Copper Stock Performance

The company has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.09. The company has a debt-to-equity ratio of 4.52, a current ratio of 14.97 and a quick ratio of 10.92. The company has a market capitalization of C$77.32 million, a P/E ratio of 2.63 and a beta of 1.32.

Insider Activity at Highland Copper

In other Highland Copper news, Senior Officer Wynand Andre Van Dyk acquired 650,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were acquired at an average cost of C$0.10 per share, for a total transaction of C$65,540.80. Insiders bought 810,000 shares of company stock valued at $80,741 in the last 90 days. Insiders own 0.56% of the company's stock.

Highland Copper Company Profile

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.