Trigon Metals (CVE:TM) Trading 26.5% Higher – Still a Buy?

Trigon Metals Inc. (CVE:TM)’s stock price was up 26.5% on Tuesday . The stock traded as high as C$0.32 and last traded at C$0.31. Approximately 189,360 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 116,840 shares. The stock had previously closed at C$0.25.

Trigon Metals Stock Down 3.3 %

The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The company has a market cap of C$9.16 million, a PE ratio of -3.68 and a beta of 1.67. The business’s 50 day moving average is C$0.31 and its 200-day moving average is C$0.59.

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.