Trigon Metals (CVE:TM) Trading 13.6% Higher – Should You Buy?

Trigon Metals Inc. (CVE:TMGet Free Report)’s stock price traded up 13.6% during trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. 366,332 shares changed hands during trading, an increase of 453% from the average session volume of 66,222 shares. The stock had previously closed at C$0.22.

Trigon Metals Trading Up 13.6%

The company has a market cap of C$13.61 million, a price-to-earnings ratio of -1.79 and a beta of 2.44. The business’s fifty day moving average price is C$0.23 and its 200 day moving average price is C$0.25. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03.

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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