Trigon Metals Inc. (CVE:TM – Get Free Report)’s stock price dropped 18.5% during trading on Friday . The stock traded as low as C$0.29 and last traded at C$0.33. Approximately 152,253 shares traded hands during trading, an increase of 57% from the average daily volume of 96,688 shares. The stock had previously closed at C$0.41.
Trigon Metals Stock Down 8.6 %
The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.29. The stock’s fifty day moving average is C$0.62 and its two-hundred day moving average is C$0.79. The company has a market cap of C$16.14 million, a price-to-earnings ratio of 9.25 and a beta of 1.67.
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.
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