Trigon Metals (CVE:TM) Stock Price Down 20.9% – What’s Next?

Trigon Metals Inc. (CVE:TM) was down 20.9% during mid-day trading on Wednesday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 1,344,357 shares were traded during mid-day trading, an increase of 845% from the average daily volume of 142,201 shares. The stock had previously closed at C$0.34.

Trigon Metals Stock Performance

The company has a market capitalization of C$11.56 million, a price-to-earnings ratio of 6.63 and a beta of 1.67. The stock has a 50 day simple moving average of C$0.46 and a 200 day simple moving average of C$0.70. The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03.

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.