Trigon Metals (CVE:TM) Shares Up 26.5% – Still a Buy?

Trigon Metals Inc. (CVE:TM)’s stock price shot up 26.5% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.31. 189,360 shares were traded during mid-day trading, an increase of 62% from the average session volume of 116,840 shares. The stock had previously closed at C$0.25.

Trigon Metals Stock Up 26.5 %

The firm has a fifty day simple moving average of C$0.31 and a 200-day simple moving average of C$0.60. The firm has a market cap of C$9.62 million, a price-to-earnings ratio of -3.87 and a beta of 1.67. The company has a debt-to-equity ratio of -97.36, a quick ratio of 0.03 and a current ratio of 0.23.

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.