Trigon Metals Inc. (CVE:TM – Get Free Report) was down 14.9% during mid-day trading on Wednesday . The company traded as low as C$0.27 and last traded at C$0.29. Approximately 1,254,100 shares changed hands during trading, an increase of 798% from the average daily volume of 139,709 shares. The stock had previously closed at C$0.34.
Trigon Metals Price Performance
The company’s 50 day simple moving average is C$0.46 and its 200 day simple moving average is C$0.70. The stock has a market cap of C$11.78 million, a P/E ratio of 6.75 and a beta of 1.67. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.29 and a quick ratio of 0.03.
About Trigon Metals
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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