Shares of Trigon Metals Inc. (CVE:TM – Get Free Report) were down 18.5% on Friday . The company traded as low as C$0.29 and last traded at C$0.33. Approximately 153,303 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 98,432 shares. The stock had previously closed at C$0.41.
Trigon Metals Stock Performance
The company has a current ratio of 0.29, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The company has a market cap of C$16.14 million, a price-to-earnings ratio of 9.25 and a beta of 1.67. The stock has a 50 day moving average price of C$0.62 and a two-hundred day moving average price of C$0.78.
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.
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