Trigon Metals (CVE:TM) Hits New 1-Year Low – Should You Sell?

Trigon Metals Inc. (CVE:TM) shares hit a new 52-week low on Monday . The company traded as low as C$0.46 and last traded at C$0.46, with a volume of 41684 shares trading hands. The stock had previously closed at C$0.48.

Trigon Metals Price Performance

The company has a market capitalization of C$20.07 million, a PE ratio of 11.50 and a beta of 1.67. The company has a current ratio of 0.29, a quick ratio of 0.03 and a debt-to-equity ratio of 5.03. The company’s 50 day moving average price is C$0.75 and its 200-day moving average price is C$0.85.

Insiders Place Their Bets

In other Trigon Metals news, Senior Officer Damian Lopez sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of C$0.95, for a total transaction of C$28,350.00. 16.13% of the stock is currently owned by insiders.

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.