Trigon Metals (CVE:TM) Shares Up 1% – Should You Buy?

Shares of Trigon Metals Inc. (CVE:TM) were up 1% during trading on Wednesday . The stock traded as high as C$0.52 and last traded at C$0.50. Approximately 25,815 shares traded hands during trading, a decline of 70% from the average daily volume of 86,443 shares. The stock had previously closed at C$0.49.

Trigon Metals Price Performance

The firm’s fifty day simple moving average is C$0.39 and its 200-day simple moving average is C$0.29. The firm has a market capitalization of C$27.12 million, a PE ratio of -16.50 and a beta of 2.73. The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36.

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