Trigon Metals (CVE:TM) Sets New 1-Year Low at $0.62

Trigon Metals Inc. (CVE:TM)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.62 and last traded at C$0.63, with a volume of 24000 shares changing hands. The stock had previously closed at C$0.65.

Trigon Metals Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03. The firm has a 50-day moving average price of C$0.89 and a two-hundred day moving average price of C$0.56. The firm has a market cap of C$27.49 million, a PE ratio of 16.25 and a beta of 1.64.

Trigon Metals (CVE:TM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported C($0.07) EPS for the quarter. Trigon Metals had a negative net margin of 0.50% and a negative return on equity of 1,849.77%. The firm had revenue of C$13.73 million during the quarter. Research analysts forecast that Trigon Metals Inc. will post 0.3385417 EPS for the current fiscal year.

Trigon Metals Company Profile

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.