Highland Copper (CVE:HI) Trading Down 15.8% - Here's Why

Key Points

• Highland Copper's stock price dropped 15.8% on Thursday, trading as low as C$0.15 before settling at C$0.16.
• The trading volume significantly increased to approximately 555,169 shares, marking a 319% rise compared to its average daily volume.
• The company's current financial ratios indicate strong liquidity, with a quick ratio of 10.92 and a current ratio of 14.97.

Highland Copper Company Inc. (CVE:HI - )'s stock price was down 15.8% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 555,169 shares were traded during mid-day trading, an increase of 319% from the average daily volume of 132,522 shares. The stock had previously closed at C$0.19.

Highland Copper Price Performance

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 firm has a market capitalization of C$125.18 million, a PE ratio of -5.67 and a beta of 1.08. The firm's fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.11.

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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