Trigon Metals (CVE:TM) Hits New 12-Month Low at $0.16

Trigon Metals Inc. (CVE:TM) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.16 and last traded at C$0.16, with a volume of 185646 shares changing hands. The stock had previously closed at C$0.17.

Trigon Metals Stock Down 3.0 %

The company has a current ratio of 0.79, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The firm has a market cap of C$32.68 million, a PE ratio of -0.89 and a beta of 1.90. The business’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.19.

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

Insider Activity

In related news, insider 2176423 Ontario Ltd. sold 500,000 shares of Trigon Metals stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of C$0.20, for a total value of C$100,000.00. Company insiders own 18.19% of the company’s stock.

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.