Trigon Metals (CVE:TM) Shares Up 26.5% – Here’s What Happened

Trigon Metals Inc. (CVE:TM) shot up 26.5% during mid-day trading on Tuesday . The company traded as high as C$0.32 and last traded at C$0.31. 189,360 shares traded hands during trading, an increase of 62% from the average session volume of 116,686 shares. The stock had previously closed at C$0.25.

Trigon Metals Price Performance

The stock’s 50-day moving average is C$0.32 and its 200 day moving average is C$0.60. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The company has a market cap of C$9.62 million, a PE ratio of -3.87 and a beta of 1.67.

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.