Highland Copper (CVE:HI) Shares Down 4%

Shares of Highland Copper Company Inc. (CVE:HI) dropped 4% during trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 38,000 shares traded hands during trading, a decline of 72% from the average daily volume of 134,318 shares. The stock had previously closed at C$0.13.

Highland Copper Stock Down 4.0 %

The company has a current ratio of 13.65, a quick ratio of 10.92 and a debt-to-equity ratio of 0.35. The firm has a market cap of C$88.36 million, a P/E ratio of 2.40 and a beta of 1.38. The company’s 50 day simple moving average is C$0.11 and its 200-day simple moving average is C$0.09.

Insiders Place Their Bets

In other news, Director David Buchanan Tennant bought 300,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of C$0.10 per share, for a total transaction of C$30,000.00. Insiders acquired 579,000 shares of company stock worth $54,910 in the last three months. 1.35% of the stock is owned by company insiders.

About Highland Copper

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.