Trigon Metals (CVE:TM) Reaches New 52-Week Low – What’s Next?

Trigon Metals Inc. (CVE:TM)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.47 and last traded at C$0.61, with a volume of 671499 shares. The stock had previously closed at C$0.76.

Trigon Metals Trading Down 25.0 %

The company has a current ratio of 0.29, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The business has a 50 day moving average price of C$0.88 and a 200-day moving average price of C$0.84. The company has a market cap of C$24.87 million, a P/E ratio of 15.00 and a beta of 1.67.

Insider Buying and Selling at Trigon Metals

In related news, Senior Officer Damian Lopez sold 30,000 shares of the business’s 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. Corporate insiders own 16.13% of the company’s stock.

Trigon Metals Company Profile

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.