Trigon Metals (CVE:TM) Trading 26.5% Higher – Still a Buy?

Trigon Metals Inc. (CVE:TM)’s stock price traded up 26.5% on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. 189,360 shares traded hands during trading, an increase of 62% from the average session volume of 116,840 shares. The stock had previously closed at C$0.25.

Trigon Metals Price Performance

The company has a market capitalization of C$9.16 million, a PE ratio of -3.68 and a beta of 1.67. The company’s 50-day simple moving average is C$0.31 and its 200-day simple moving average is C$0.59. The company has a debt-to-equity ratio of -97.36, a quick ratio of 0.03 and a current ratio of 0.23.

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.