Trigon Metals Inc. (CVE:TM – Get Free Report) fell 20.9% during trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.27. 1,344,357 shares changed hands during mid-day trading, an increase of 841% from the average session volume of 142,821 shares. The stock had previously closed at C$0.34.
Trigon Metals Price Performance
The stock’s 50-day moving average price is C$0.44 and its 200 day moving average price is C$0.69. The firm has a market capitalization of C$8.85 million, a price-to-earnings ratio of -3.56 and a beta of 1.67. The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36.
Trigon Metals Company Profile
Trigon Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and maintenance of mines and mineral properties in the African continent. The company primarily explores for copper, lead, and silver deposits. It holds an 80% interest in its flagship project, the Kombat Mine Property, which consists of five mining licenses that covers approximately 1,219 hectares and prospecting license covering 6,671 hectares located in Northern Namibia.
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