Highland Copper (CVE:HI) Stock Price Down 7.9% - Should You Sell?

Key Points

• Highland Copper Company's stock price dropped by 7.9%, trading at C$0.18 after reaching a low of C$0.18 during Thursday's trading session.
• The company has a debt-to-equity ratio of 4.52 and a market capitalization of C$114.14 million, indicating a precarious financial position.
• Highland Copper focuses on exploring and developing copper deposits in the United States, with key projects located in Michigan.

Shares of Highland Copper Company Inc. (CVE:HI - ) traded down 7.9% during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. 119,075 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 129,684 shares. The stock had previously closed at C$0.19.

Highland Copper Stock Down 18.4%

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 firm has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.11. The stock has a market capitalization of C$114.14 million, a price-to-earnings ratio of -5.17 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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