Trigon Metals (CVE:TM) Hits New 12-Month Low – What’s Next?

Trigon Metals Inc. (CVE:TMGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$0.27 and last traded at C$0.29, with a volume of 87362 shares traded. The stock had previously closed at C$0.30.

Trigon Metals Stock Performance

The business has a 50-day moving average of C$0.47 and a two-hundred day moving average of C$0.71. 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 market cap of C$11.56 million, a P/E ratio of 6.63 and a beta of 1.67.

Trigon Metals Company Profile

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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.

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