Trigon Metals (CVE:TM) Trading Down 26.2% – Time to Sell?

Trigon Metals Inc. (CVE:TM)’s stock price fell 26.2% during trading on Monday . The stock traded as low as C$0.60 and last traded at C$0.62. 231,634 shares were traded during mid-day trading, an increase of 455% from the average session volume of 41,727 shares. The stock had previously closed at C$0.84.

Trigon Metals Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03. The company has a 50 day moving average of C$0.88 and a 200 day moving average of C$0.83. The firm has a market cap of C$27.92 million, a price-to-earnings ratio of 21.00 and a beta of 1.67.

Insider Buying and Selling at Trigon Metals

In other news, Senior Officer Damian Lopez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of C$0.95, for a total transaction of C$28,350.00. 16.13% of the stock is currently owned by insiders.

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.