Highland Copper (CVE:HI) Shares Down 17.6% – Here’s Why

Shares of Highland Copper Company Inc. (CVE:HIGet Free Report) traded down 17.6% during mid-day trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. 334,501 shares were traded during mid-day trading, an increase of 215% from the average session volume of 106,235 shares. The stock had previously closed at C$0.09.

Highland Copper Stock Performance

The firm has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.10. The company has a debt-to-equity ratio of 4.52, a current ratio of 14.97 and a quick ratio of 10.92. The stock has a market capitalization of C$58.91 million, a price-to-earnings ratio of 2.00 and a beta of 1.32.

About Highland Copper

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Highland Copper Company Inc, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for copper deposits. Its primary properties include the Copperwood project; and the White Pine North project located in the Upper Peninsula of Michigan.

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