Trigon Metals Inc. (CVE:TM – Get Free Report) shares rose 26.5% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 189,360 shares changed hands during trading, an increase of 62% from the average daily volume of 116,840 shares. The stock had previously closed at C$0.25.
Trigon Metals Price Performance
The company’s 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.60. The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36. The stock has a market capitalization of C$9.62 million, a price-to-earnings ratio of -3.87 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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