Happy Creek Minerals (CVE:HPY) Stock Price Down 20% – Here’s Why

Happy Creek Minerals Ltd. (CVE:HPY) shares fell 20% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 126,000 shares traded hands during trading, an increase of 59% from the average session volume of 79,195 shares. The stock had previously closed at C$0.05.

Happy Creek Minerals Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.57 and a current ratio of 0.19. The stock has a market cap of C$5.86 million, a P/E ratio of -6.00 and a beta of -0.47. The company’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05.

Happy Creek Minerals Company Profile

Happy Creek Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for copper, molybdenum, tungsten, gold, and silver deposits. The company owns interest in the Highland Valley property, which consists of the Rateria property and the West Valley property located in south central British Columbia.