Shares of Trigon Metals Inc. (CVE:TM – Get Free Report) shot up 3% during trading on Wednesday . The stock traded as high as C$0.18 and last traded at C$0.17. 385,845 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 197,821 shares. The stock had previously closed at C$0.17.
Trigon Metals Trading Up 3.0 %
The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.79. The stock has a market capitalization of C$34.73 million, a P/E ratio of -0.94 and a beta of 1.83. The firm’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.19.
Trigon Metals (CVE:TM – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$7.76 million for the quarter.
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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