Trigon Metals (CVE:TM) Trading Down 17.9% – Time to Sell?

Trigon Metals Inc. (CVE:TM)’s stock price fell 17.9% during trading on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. 1,118,600 shares changed hands during trading, an increase of 731% from the average session volume of 134,623 shares. The stock had previously closed at C$0.34.

Trigon Metals Price Performance

The business has a 50-day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.70. The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03. The stock has a market capitalization of C$12.00 million, a price-to-earnings ratio of 6.88 and a beta of 1.67.

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.