Trigon Metals Inc. (CVE:TM – Get Free Report)’s stock price fell 7.6% during mid-day trading on Wednesday . The stock traded as low as C$0.43 and last traded at C$0.43. 51,019 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 74,268 shares. The stock had previously closed at C$0.46.
Trigon Metals Trading Down 8.7%
The stock has a 50-day moving average of C$0.45 and a 200 day moving average of C$0.32. The company has a quick ratio of 0.03, a current ratio of 3.77 and a debt-to-equity ratio of 33.57. The stock has a market cap of C$23.01 million, a PE ratio of -14.00 and a beta of 2.73.
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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.
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