Trigon Metals (CVE:TM) Trading Down 1.2% – Time to Sell?

Shares of Trigon Metals Inc. (CVE:TM) fell 1.2% during trading on Monday . The company traded as low as C$0.80 and last traded at C$0.80. 29,131 shares were traded during trading, a decline of 30% from the average session volume of 41,909 shares. The stock had previously closed at C$0.81.

Trigon Metals Trading Down 1.2 %

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 business’s 50 day moving average is C$0.83 and its 200 day moving average is C$0.77. The stock has a market cap of C$34.90 million, a price-to-earnings ratio of 20.00 and a beta of 1.67.

Trigon Metals (CVE:TM) last issued its earnings results on Wednesday, August 21st. The company reported C($0.07) EPS for the quarter. The firm had revenue of C$13.73 million for the quarter. Trigon Metals had a negative return on equity of 1,849.77% and a negative net margin of 0.50%. As a group, equities analysts expect that Trigon Metals Inc. will post 0.3402778 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Damian Lopez sold 30,000 shares of the business’s stock in a transaction 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

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.