Trigon Metals (CVE:TM) Trading 13.6% Higher – What’s Next?

Trigon Metals Inc. (CVE:TM)’s share price shot up 13.6% on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. 366,332 shares traded hands during 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 Up 13.6%

The company has a market capitalization of C$13.61 million, a PE ratio of -1.79 and a beta of 2.44. The company has a current ratio of 0.23, a quick ratio of 0.03 and a debt-to-equity ratio of -97.36. The firm has a 50 day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.25.

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.