Hannan Metals (CVE:HAN) Reaches New 12-Month Low – Time to Sell?

Hannan Metals Ltd. (CVE:HAN) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.53 and last traded at C$0.54, with a volume of 61899 shares traded. The stock had previously closed at C$0.60.

Hannan Metals Trading Up 5.9%

The stock has a market capitalization of C$78.15 million, a PE ratio of -27.00 and a beta of 0.52. The business has a fifty day moving average price of C$0.74 and a 200-day moving average price of C$0.79.

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.