Trigon Metals (CVE:TM) Trading Up 11.1%

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

Trigon Metals Trading Up 13.9 %

The firm has a market cap of C$35.78 million, a PE 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. The stock’s fifty day simple moving average is C$0.83 and its 200-day simple moving average is C$0.58.

Trigon Metals (CVE:TM) last announced its quarterly earnings data on Wednesday, August 21st. The company reported C($0.07) earnings per share for the quarter. Trigon Metals had a negative net margin of 0.50% and a negative return on equity of 1,849.77%. The firm had revenue of C$13.73 million during the quarter. On average, sell-side analysts forecast that Trigon Metals Inc. will post 0.3387097 earnings per share 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.