Trigon Metals (CVE:TM) Trading 26.5% Higher – Here’s What Happened

Trigon Metals Inc. (CVE:TM) shares rose 26.5% on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 172,160 shares were traded during trading, an increase of 48% from the average daily volume of 116,000 shares. The stock had previously closed at C$0.25.

Trigon Metals Stock Performance

The company has a current ratio of 0.23, a quick ratio of 0.03 and a debt-to-equity ratio of -97.36. The company has a market capitalization of C$9.31 million, a PE ratio of -3.75 and a beta of 1.67. The firm’s 50-day simple moving average is C$0.32 and its 200-day simple moving average is C$0.60.

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.