Trigon Metals (CVE:TM) Shares Up 13.6% – Time to Buy?

by · The Markets Daily

Trigon Metals Inc. (CVE:TM – Get Free Report)’s stock price traded up 13.6% on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. 366,332 shares changed hands during mid-day trading, an increase of 453% from the average session volume of 66,222 shares. The stock had previously closed at C$0.22.

Trigon Metals Stock Performance

The company has a market capitalization of C$13.61 million, a P/E ratio of -1.79 and a beta of 2.44. The company’s 50 day moving average is C$0.23 and its 200-day moving average is C$0.25. The company has a current ratio of 0.23, a quick ratio of 0.03 and a debt-to-equity ratio of -97.36.

Trigon Metals Company Profile

(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.

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