Trigon Metals (CVE:TM) Trading Down 1.1%

Shares of Trigon Metals Inc. (CVE:TM) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as C$0.87 and last traded at C$0.87. 10,301 shares were traded during trading, a decline of 75% from the average session volume of 41,330 shares. The stock had previously closed at C$0.88.

Trigon Metals Stock Down 1.1 %

The company has a market cap of C$177.71 million, a P/E ratio of -4.58 and a beta of 1.82. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.79 and a quick ratio of 0.03. The company’s 50-day moving average is C$0.99 and its two-hundred day moving average is C$0.46.

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.