Highland Copper (CVE:HI) Stock Price Up 5% - Here's What Happened

Highland Copper Company Inc. (CVE:HI - Get Free Report) shares rose 5% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 270,400 shares changed hands during mid-day 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 stock has a market cap of C$77.32 million, a PE ratio of 2.63 and a beta of 1.32. 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 business has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.09.

Insider Buying and Selling at Highland Copper

In related news, Senior Officer Wynand Andre Van Dyk acquired 650,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was purchased at an average price of C$0.10 per share, with a total value of C$65,540.80. Insiders purchased a total of 810,000 shares of company stock worth $80,741 over the last ninety days. Corporate 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.