Highland Copper (CVE:HI) Stock Price Down 18.4% - Time to Sell?

Key Points

• Highland Copper Company's stock price fell by 18.4% to C$0.16 during trading, with significant volume increase compared to average sessions.
• The company has strong liquidity ratios, with a quick ratio of 10.92 and a current ratio of 14.97, but a debt-to-equity ratio of 4.52 suggests high leverage.
• Highland Copper is primarily focused on acquiring and exploring mineral properties in the United States, especially for copper deposits in Michigan.

Highland Copper Company Inc. (CVE:HI - )'s stock price traded down 18.4% on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. 553,669 shares traded hands during mid-day trading, an increase of 318% from the average session volume of 132,522 shares. The stock had previously closed at C$0.19.

Highland Copper Trading Down 13.2%

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

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.

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