Highland Copper (CVE:HI) Trading 17.6% Higher - Should You Buy?

Key Points

• Highland Copper's stock price increased by 17.6% during mid-day trading, reaching C$0.20, with a trading volume significantly higher than its average.
• The company has a market cap of C$132.55 million and notable financial ratios, including a current ratio of 14.97 and a debt-to-equity ratio of 4.52.
• Highland Copper focuses on the acquisition and exploration of copper deposits in the United States, with primary projects in Michigan.

Highland Copper Company Inc. (CVE:HI - )'s stock price traded up 17.6% during mid-day trading on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.20. 296,438 shares changed hands during trading, an increase of 132% from the average session volume of 127,688 shares. The stock had previously closed at C$0.17.

Highland Copper Stock Performance

The firm's fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.11. The company has a current ratio of 14.97, a quick ratio of 10.92 and a debt-to-equity ratio of 4.52. The company has a market cap of C$132.55 million, a P/E ratio of -6.00 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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