Trigon Metals (CVE:TM) Stock Price Down 20.9% – Should You Sell?

Trigon Metals Inc. (CVE:TM)’s stock price was down 20.9% during trading on Wednesday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 1,344,357 shares changed hands during mid-day trading, an increase of 841% from the average daily volume of 142,821 shares. The stock had previously closed at C$0.34.

Trigon Metals Price Performance

The business’s 50-day simple moving average is C$0.46 and its 200-day simple moving average is C$0.70. The stock has a market cap of C$11.56 million, a PE ratio of 6.63 and a beta of 1.67. The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03.

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.