Trigon Metals Inc. (CVE:TM – Get Free Report) fell 17.9% during mid-day trading on Wednesday . The company traded as low as C$0.27 and last traded at C$0.28. 1,287,457 shares were traded during mid-day trading, an increase of 820% from the average session volume of 139,881 shares. The stock had previously closed at C$0.34.
Trigon Metals Stock Performance
The stock has a fifty day moving average price of C$0.46 and a 200 day moving average price of C$0.70. The company has a current ratio of 0.29, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The firm has a market cap of C$11.78 million, a price-to-earnings ratio of 6.75 and a beta of 1.67.
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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