Trigon Metals (CVE:TM) Stock Price Up 22.4% – Here’s What Happened

Trigon Metals Inc. (CVE:TM) shares rose 22.4% on Tuesday . The company traded as high as C$0.32 and last traded at C$0.30. Approximately 181,360 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 116,686 shares. The stock had previously closed at C$0.25.

Trigon Metals Price Performance

The firm has a market cap of C$9.31 million, a price-to-earnings ratio of -3.75 and a beta of 1.67. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The stock’s fifty day moving average price is C$0.32 and its 200-day moving average price is C$0.60.

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.