Trigon Metals (CVE:TM) Reaches New 52-Week Low – Here’s What Happened

Trigon Metals Inc. (CVE:TMGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26, with a volume of 47400 shares. The stock had previously closed at C$0.26.

Trigon Metals Price Performance

The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The company has a 50 day moving average price of C$0.40 and a 200 day moving average price of C$0.66. The firm has a market cap of C$7.76 million, a PE ratio of -3.12 and a beta of 1.67.

About Trigon Metals

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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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