HudBay Minerals Inc. (HBM:CA) Rises 6.93% for September 10

Equities Staff  |

September 10 was a positive day for HudBay Minerals Inc. (HBM:CA) as its stock finished the day having gained 6.93% to hit a price of $4.94 a share. The company reached a market cap of 1.29 billion and has 261.27 million shares outstanding. HudBay Minerals Inc. is a component of the the S&P/TSX SmallCap Index.

1.06 million shares changed hands over the course of the day as compared to an average volume of 1.37 million over the last 30 days for HudBay Minerals Inc..

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.. The company makes its home in Toronto, ON, and is currently under the leadership of CEO Alan Hair.

HudBay Minerals Inc. has hit a high of $10.42 and reached a low of $3.98 over its last year of trading. The stock’s 50-day SMA is now $5.53 and 200-day SMA is $7.21. As for its price valuations, the P/E ratio is at 24 and P/B is now 0.45.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on HudBay Minerals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: HBM:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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