Highland Copper (CVE:HI) Trading Up 20% - Here's Why

Shares of Highland Copper Company Inc. (CVE:HI - Get Free Report) surged by 20% during mid-day trading on Wednesday, reaching a high of C$0.12, before last trading at the same price. During this trading session, approximately 822,500 shares changed hands, showcasing an impressive increase of 1,010% from the average daily volume of merely 74,070 shares. Previously, the stock had closed at C$0.10.

Highland Copper Stock Increases by 20.0%

The company currently holds a debt-to-equity ratio of 4.52, a quick ratio of 10.92, and a current ratio of 14.97. Its market capitalization is C$88.36 million, with a price-to-earnings ratio of 3.00 and a beta value of 1.32. Notably, Highland Copper's 50-day moving average stands at C$0.08, while its 200-day moving average is C$0.09.

About Highland Copper

Highland Copper Company Inc. operates alongside its subsidiaries in the field of mineral exploration and development within the United States, particularly focusing on copper deposits. The company's primary assets include the Copperwood project and the White Pine North project, both located in the Upper Peninsula of Michigan.

Analysts' Perspective

While Highland Copper currently holds a "Hold" rating among analysts, there are also recommendations for other stocks that are perceived as better investment opportunities. MarketBeat follows the insights provided by top-rated analysts and has identified several stocks they recommend more strongly than Highland Copper.

In light of market fluctuations, investors often seek to mitigate potential risks. For those planning to invest in Highland Copper, it may be advisable to consider expert advice and monitor broader market trends.

This report is based on data and information extracted for quick and accurate reporting purposes.

Highland, Copper, Stocks