Trigon Metals (CVE:TM) Hits New 12-Month High – Here’s What Happened

Trigon Metals Inc. (CVE:TMGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.44, with a volume of 114001 shares traded. The stock had previously closed at C$0.43.

Trigon Metals Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36. The business has a 50 day moving average price of C$0.29 and a 200 day moving average price of C$0.26. The stock has a market cap of C$26.29 million, a P/E ratio of -16.00 and a beta of 3.34.

About Trigon Metals

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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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.

Further Reading

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