Trigon Metals (CVE:TM) Shares Up 22.2% – What’s Next?

by · The Cerbat Gem

Trigon Metals Inc. (CVE:TM – Get Free Report) shares rose 22.2% on Tuesday . The company traded as high as C$0.35 and last traded at C$0.33. Approximately 350,698 shares changed hands during mid-day trading, an increase of 435% from the average daily volume of 65,608 shares. The stock had previously closed at C$0.27.

Trigon Metals Trading Up 22.2%

The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36. The stock has a market capitalization of C$18.08 million, a P/E ratio of -11.00 and a beta of 2.73. The firm’s 50-day simple moving average is C$0.25 and its 200 day simple moving average is C$0.25.

About Trigon Metals

(Get Free Report)

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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.

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