Trigon Metals (CVE:TM) Hits New 52-Week Low – Should You Sell?

Trigon Metals Inc. (CVE:TMGet Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.25, with a volume of 58550 shares trading hands. The stock had previously closed at C$0.25.

Trigon Metals Stock Performance

The firm’s 50 day moving average price is C$0.40 and its 200-day moving average price is C$0.66. The firm has a market cap of C$7.76 million, a price-to-earnings ratio of -3.12 and a beta of 1.67. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03.

Trigon Metals Company Profile

(Get Free Report)

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.

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