Trigon Metals (CVE:TM) Stock Price Down 11.1% – Here’s What Happened
by Amy Steele · The Cerbat GemTrigon Metals Inc. (CVE:TM – Get Free Report)’s stock price dropped 11.1% on Thursday . The stock traded as low as C$0.36 and last traded at C$0.36. Approximately 107,544 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 45,627 shares. The stock had previously closed at C$0.41.
Trigon Metals Stock Performance
The company has a market capitalization of C$20.27 million, a price-to-earnings ratio of -12.33 and a beta of 3.34. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The stock has a 50-day moving average price of C$0.28 and a 200-day moving average price of C$0.26.
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.