Trigon Metals (CVE:TM) Shares Up 13.6% – What’s Next?

Trigon Metals Inc. (CVE:TMGet Free Report) shares shot up 13.6% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 366,332 shares were traded during mid-day 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 Stock Performance

The firm has a market cap of C$13.61 million, a PE ratio of -1.79 and a beta of 2.44. The company has a 50 day simple moving average of C$0.23 and a 200-day simple moving average of 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

(Get Free Report)

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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