Trigon Metals (CVE:TM) Sets New 1-Year Low – Should You Sell?

Trigon Metals Inc. (CVE:TMGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.38 and last traded at C$0.41, with a volume of 246700 shares traded. The stock had previously closed at C$0.40.

Trigon Metals Trading Up 2.5 %

The firm has a market capitalization of C$17.89 million, a P/E ratio of 10.25 and a beta of 1.67. The business’s 50 day moving average is C$0.64 and its two-hundred day moving average is C$0.80. 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

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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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