Altiplano Metals (CVE:APN) Shares Up 30% – Should You Buy?

Altiplano Metals Inc. (CVE:APNGet Free Report)’s stock price shot up 30% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 369,500 shares changed hands during trading, an increase of 294% from the average session volume of 93,698 shares. The stock had previously closed at C$0.05.

Altiplano Metals Stock Performance

The firm’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.07. The company has a market cap of C$8.47 million, a price-to-earnings ratio of -6.50 and a beta of 2.25. The company has a debt-to-equity ratio of 67.12, a quick ratio of 0.36 and a current ratio of 0.05.

About Altiplano Metals

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Altiplano Metals Inc, a junior resource company, focuses on evaluating and acquiring exploration projects in Chile. It explores for copper, silver, iron, and gold deposits. The company owns a 100% interest in the Farellon project and Maria Luisa project located near the town of La Serena, Republic of Chile.

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