Trigon Metals (CVE:TM) Shares Up 26.5% – What’s Next?

Trigon Metals Inc. (CVE:TM)’s share price shot up 26.5% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. 189,360 shares were traded during mid-day 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 Down 3.3 %

The firm’s fifty day simple moving average is C$0.31 and its 200 day simple moving average is C$0.59. The company has a current ratio of 0.23, a quick ratio of 0.03 and a debt-to-equity ratio of -97.36. The company has a market cap of C$9.16 million, a price-to-earnings ratio of -3.68 and a beta of 1.67.

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.