Trigon Metals (CVE:TM) Trading 11.1% Higher

Trigon Metals Inc. (CVE:TM)’s share price was up 11.1% during trading on Friday . The stock traded as high as C$0.80 and last traded at C$0.80. Approximately 5,240 shares traded hands during trading, a decline of 88% from the average daily volume of 42,391 shares. The stock had previously closed at C$0.72.

Trigon Metals Price Performance

The firm has a fifty day moving average of C$0.83 and a two-hundred day moving average of C$0.58. The stock has a market capitalization of C$35.78 million, a P/E ratio of 18.75 and a beta of 1.64. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.29 and a quick ratio of 0.03.

Trigon Metals (CVE:TM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported C($0.07) EPS for the quarter. Trigon Metals had a negative net margin of 0.50% and a negative return on equity of 1,849.77%. The business had revenue of C$13.73 million during the quarter. On average, analysts predict that Trigon Metals Inc. will post 0.3387097 EPS for the current year.

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.