Trigon Metals (CVE:TM) Shares Up 2% – Still a Buy?

Trigon Metals Inc. (CVE:TM)’s share price shot up 2% during trading on Tuesday . The company traded as high as C$0.51 and last traded at C$0.51. 27,500 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 49,726 shares. The stock had previously closed at C$0.50.

Trigon Metals Stock Performance

The company has a debt-to-equity ratio of 5.03, a current ratio of 0.29 and a quick ratio of 0.03. The company has a fifty day moving average price of C$0.77 and a 200 day moving average price of C$0.87. The stock has a market cap of C$22.25 million, a P/E ratio of 12.75 and a beta of 1.67.

Insider Activity at Trigon Metals

In related news, Senior Officer Damian Lopez sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of C$0.95, for a total value of C$28,350.00. 16.13% of the stock is currently owned by insiders.

About Trigon Metals

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.