Trigon Metals (CVE:TM) Hits New 52-Week Low – Should You Sell?

Trigon Metals Inc. (CVE:TM)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$0.45 and last traded at C$0.45, with a volume of 78000 shares trading hands. The stock had previously closed at C$0.47.

Trigon Metals Price Performance

The firm has a 50-day moving average of C$0.68 and a 200-day moving average of C$0.82. The firm has a market capitalization of C$19.63 million, a P/E ratio of 11.25 and a beta of 1.67. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.29.

Insider Activity

In other news, Senior Officer Damian Lopez sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of C$0.95, for a total transaction of C$28,350.00. Insiders own 16.13% of the company’s stock.

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.