Trigon Metals (CVE:TM) Stock Price Up 26.5% – Here’s Why

Trigon Metals Inc. (CVE:TM) was up 26.5% during trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 189,360 shares changed hands during 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 Price Performance

The stock has a fifty day moving average of C$0.31 and a two-hundred day moving average of C$0.59. 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 stock has a market capitalization of C$9.16 million, a price-to-earnings ratio of -3.68 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.