Shares of Trigon Metals Inc. (CVE:TM – Get Free Report) were up 13.6% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 366,332 shares were traded during trading, an increase of 453% from the average daily volume of 66,222 shares. The stock had previously closed at C$0.22.
Trigon Metals Stock Up 13.6%
The company has a debt-to-equity ratio of -97.36, a quick ratio of 0.03 and a current ratio of 0.23. The firm has a fifty day simple moving average of C$0.23 and a 200-day simple moving average of C$0.25. The company has a market capitalization of C$13.61 million, a PE ratio of -1.79 and a beta of 2.44.
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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