Trigon Metals (CVE:TM) Hits New 1-Year High – Should You Buy?
by Scott Moore · The Cerbat GemTrigon Metals Inc. (CVE:TM – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.49 and last traded at C$0.44, with a volume of 114001 shares changing hands. The stock had previously closed at C$0.43.
Trigon Metals Trading Up 12.9%
The company has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.26. 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 market cap of C$26.29 million, a PE ratio of -16.00 and a beta of 3.34.
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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.