Trigon Metals (CVE:TM) Stock Price Up 3%

Shares of Trigon Metals Inc. (CVE:TM) rose 3% during mid-day trading on Wednesday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 385,845 shares traded hands during trading, an increase of 95% from the average daily volume of 197,821 shares. The stock had previously closed at C$0.17.

Trigon Metals Stock Down 2.9 %

The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.03 and a current ratio of 0.79. The firm has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.19. The company has a market capitalization of C$33.70 million, a PE ratio of -0.92 and a beta of 1.83.

Trigon Metals (CVE:TM) last issued its quarterly earnings results on Tuesday, February 27th. The company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$7.76 million during the quarter.

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.