Trigon Metals (CVE:TM) Shares Up 26.5% – Here’s Why

Trigon Metals Inc. (CVE:TM)’s share price traded up 26.5% on Wednesday . The stock traded as high as C$0.32 and last traded at C$0.31. 189,360 shares changed hands during trading, an increase of 62% from the average session volume of 116,840 shares. The stock had previously closed at C$0.25.

Trigon Metals Stock Performance

The company has a debt-to-equity ratio of -97.36, a quick ratio of 0.03 and a current ratio of 0.23. The firm has a market capitalization of C$9.16 million, a price-to-earnings ratio of -3.68 and a beta of 1.67. The firm’s 50-day moving average price is C$0.31 and its two-hundred day moving average price is C$0.59.

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.