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

Trigon Metals Inc. (CVE:TM)’s share price rose 3% during trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 385,845 shares changed 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 Performance

The firm has a market capitalization of C$33.70 million, a price-to-earnings ratio of -0.92 and a beta of 1.83. The company has a quick ratio of 0.03, a current ratio of 0.79 and a debt-to-equity ratio of 5.03. The stock has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.19.

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

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.