Trigon Metals (CVE:TM) Shares Down 9.3% – Time to Sell?

by · The Cerbat Gem

Trigon Metals Inc. (CVE:TM – Get Free Report)’s share price dropped 9.3% during trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 19,248 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 64,117 shares. The stock had previously closed at C$0.27.

Trigon Metals Price Performance

The stock has a 50-day moving average of C$0.24 and a two-hundred day moving average of C$0.25. The firm has a market cap of C$14.43 million, a price-to-earnings ratio of -1.89 and a beta of 2.65. The company has a current ratio of 0.23, a quick ratio of 0.03 and a debt-to-equity ratio of -97.36.

Trigon Metals Company Profile

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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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