Trigon Metals (CVE:TM) Trading Down 11.1% – Here’s Why

Trigon Metals Inc. (CVE:TM) shares traded down 11.1% on Thursday . The company traded as low as C$0.36 and last traded at C$0.36. 107,544 shares changed hands during trading, an increase of 136% from the average session volume of 45,627 shares. The stock had previously closed at C$0.41.

Trigon Metals Stock Down 8.6%

The company has a market capitalization of C$20.27 million, a price-to-earnings ratio of -12.33 and a beta of 3.34. The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36. The firm has a 50 day moving average price of C$0.28 and a two-hundred day moving average price of C$0.26.

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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.