Trigon Metals (CVE:TM) Shares Down 11.8%

Shares of Trigon Metals Inc. (CVE:TM – Get Rating) dropped 11.8% on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 158,173 shares changed hands during trading, a decline of 58% from the average daily volume of 376,568 shares. The stock had previously closed at C$0.17.

Trigon Metals Price Performance

The stock’s 50-day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.29. The company has a debt-to-equity ratio of 53.13, a current ratio of 0.36 and a quick ratio of 0.34. The firm has a market cap of C$24.60 million and a P/E ratio of -3.63.

Trigon Metals (CVE:TM – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C($0.02) earnings per share for the quarter.

About Trigon Metals

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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 covers five mining licenses located in Northern Namibia.

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