Trigon Metals (CVE:TM) Stock Price Down 16% – Here’s Why

Shares of Trigon Metals Inc. (CVE:TMGet Free Report) fell 16% during mid-day trading on Friday . The company traded as low as C$0.29 and last traded at C$0.34. 132,966 shares were traded during mid-day trading, an increase of 39% from the average session volume of 95,370 shares. The stock had previously closed at C$0.41.

Trigon Metals Price Performance

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 firm has a market cap of C$14.62 million, a PE ratio of 8.38 and a beta of 1.67. The stock has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.79.

Trigon Metals Company Profile

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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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