Trigon Metals (CVE:TM) Hits New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Trigon Metals Inc. (CVE:TM – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.46 and last traded at C$0.46, with a volume of 41684 shares changing hands. The stock had previously closed at C$0.48.

Trigon Metals Stock Performance

The stock’s 50-day moving average is C$0.73 and its 200-day moving average is C$0.84. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.29 and a quick ratio of 0.03. The stock has a market cap of C$22.25 million, a price-to-earnings ratio of 12.75 and a beta of 1.67.

Insider Transactions at Trigon Metals

In related news, Senior Officer Damian Lopez sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of C$0.95, for a total value of C$28,350.00. Insiders own 16.13% of the company’s stock.

About Trigon Metals

(Get Free Report)

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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