Hannan Metals (CVE:HAN) Sets New 1-Year Low – Time to Sell?
by Mitch Edgeman · The Markets DailyHannan Metals Ltd. (CVE:HAN – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.50 and last traded at C$0.50, with a volume of 59394 shares traded. The stock had previously closed at C$0.52.
Hannan Metals Stock Down 3.8%
The stock has a fifty day moving average of C$0.71 and a 200-day moving average of C$0.78. The stock has a market capitalization of C$72.36 million, a price-to-earnings ratio of -25.00 and a beta of 0.52.
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.