Hannan Metals (CVE:HAN) Shares Up 17.1% – Here’s Why

Hannan Metals Ltd. (CVE:HAN) shares traded up 17.1% on Monday . The company traded as high as C$0.83 and last traded at C$0.82. Approximately 119,598 shares changed hands during trading, an increase of 80% from the average session volume of 66,565 shares. The stock had previously closed at C$0.70.

Hannan Metals Trading Up 15.7%

The stock has a market capitalization of C$117.30 million, a PE ratio of -40.50 and a beta of 0.50. The stock has a 50 day moving average price of C$0.61 and a 200-day moving average price of C$0.67.

Hannan Metals Company Profile

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. The company was formerly known as Mitchell Resources Ltd. and changed its name to Hannan Metals Ltd. in January 2017. Hannan Metals Ltd. is based in Vancouver, Canada.