Highland Copper (CVE:HI) Shares Up 12.5% - Here's Why

Key Points

• Highland Copper's stock surged by 12.5%, reaching as high as C$0.15 during midday trading, after previously closing at C$0.12.
• Senior Officer Wynand Andre Van Dyk acquired 650,000 shares of Highland Copper at C$0.10 per share, indicating significant insider investment.
• The company has a market cap of C$92.05 million and a low PE ratio of 3.13, suggesting it may be undervalued in the current market.

Highland Copper Company Inc. (CVE:HI - Get Free Report) shares traded up 12.5% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14. 127,500 shares were traded during mid-day trading, an increase of 24% from the average session volume of 103,108 shares. The stock had previously closed at C$0.12.

Highland Copper Stock Down 8.3%

The firm has a market capitalization of C$81.00 million, a PE ratio of 2.75 and a beta of 1.32. The business's 50 day simple moving average is C$0.10 and its 200 day simple moving average is 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.

Insider Activity at Highland Copper

In other Highland Copper news, Senior Officer Wynand Andre Van Dyk purchased 650,000 shares of Highland Copper stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average price of C$0.10 per share, for a total transaction of C$65,540.80. Over the last three months, insiders have bought 810,000 shares of company stock worth $80,741. 0.56% of the stock is currently owned by insiders.

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.