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

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

Trigon Metals Stock Up 2.0 %

The firm has a 50-day simple moving average of C$0.77 and a 200 day simple moving average of C$0.87. The stock has a market capitalization of C$22.25 million, a P/E ratio of 12.75 and a beta of 1.67. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.29 and a quick ratio of 0.03.

Insider Buying and Selling

In other news, Senior Officer Damian Lopez sold 30,000 shares of the business’s stock in a transaction that occurred on 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 owned by corporate 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.