Shares of Hannan Metals Ltd. (CVE:HAN – Get Free Report) dropped 6.5% on Friday . The stock traded as low as C$0.85 and last traded at C$0.86. Approximately 71,074 shares traded hands during trading, a decline of 35% from the average daily volume of 108,656 shares. The stock had previously closed at C$0.92.
Hannan Metals Stock Down 6.5 %
The firm has a 50 day moving average of C$0.82 and a two-hundred day moving average of C$0.66. The firm has a market capitalization of C$101.70 million, a price-to-earnings ratio of -17.97 and a beta of 0.48.
About Hannan Metals
Hannan Metals Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Ireland and Peru. The company explores for copper, gold, silver, zinc, and lead deposits. Its flagship project is the 100% owned the San Martin project covering an area of 65,600 hectares located to the northwest of Tarapoto, Peru.
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