Shares of Trigon Metals Inc. (CVE:TM – Get Free Report) were down 3.5% during trading on Thursday . The company traded as low as C$1.09 and last traded at C$1.09. Approximately 34,100 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 42,251 shares. The stock had previously closed at C$1.13.
Trigon Metals Price Performance
The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.79. The stock has a market cap of C$226.74 million, a price-to-earnings ratio of -5.84 and a beta of 1.82. The business’s fifty day simple moving average is C$0.51 and its 200 day simple moving average is C$0.30.
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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