Trigon Metals Inc. (CVE:TM – Get Free Report)’s stock price fell 16% during trading on Friday . The company traded as low as C$0.29 and last traded at C$0.34. 132,966 shares were traded during mid-day trading, an increase of 39% from the average session volume of 95,370 shares. The stock had previously closed at C$0.41.
Trigon Metals Stock Performance
The business’s 50-day moving average price is C$0.62 and its 200-day moving average price is C$0.78. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.29. The stock has a market cap of C$16.14 million, a P/E ratio of 9.25 and a beta of 1.67.
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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