Trigon Metals (CVE:TM) Hits New 12-Month Low – Here’s What Happened

Trigon Metals Inc. (CVE:TM) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.47 and last traded at C$0.61, with a volume of 671499 shares changing hands. The stock had previously closed at C$0.76.

Trigon Metals Trading Up 5.2 %

The company has a current ratio of 0.29, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The stock has a market capitalization of C$26.61 million, a price-to-earnings ratio of 15.25 and a beta of 1.67. The firm has a 50-day moving average of C$0.86 and a 200 day moving average of C$0.84.

Insider Activity

In other news, Senior Officer Damian Lopez sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of C$0.95, for a total transaction of C$28,350.00. 16.13% of the stock is owned by insiders.

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.