Shares of Trigon Metals Inc. (CVE:TM – Get Free Report) traded down 20.9% on Wednesday . The stock traded as low as C$0.27 and last traded at C$0.27. 1,344,357 shares changed hands during mid-day trading, an increase of 845% from the average session volume of 142,201 shares. The stock had previously closed at C$0.34.
Trigon Metals Stock Performance
The firm has a market cap of C$11.56 million, a PE ratio of 6.63 and a beta of 1.67. The company has a 50-day simple moving average of C$0.46 and a two-hundred 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.
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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