Trigon Metals (CVE:TM) Sets New 12-Month Low – Here’s What Happened

Trigon Metals Inc. (CVE:TM)’s share price hit a new 52-week low on Thursday . The company traded as low as C$0.45 and last traded at C$0.45, with a volume of 78000 shares changing hands. The stock had previously closed at C$0.47.

Trigon Metals Stock Down 3.2 %

The company has a quick ratio of 0.03, a current ratio of 0.29 and a debt-to-equity ratio of 5.03. The stock has a market capitalization of C$19.63 million, a P/E ratio of 11.25 and a beta of 1.67. The company has a fifty day moving average price of C$0.68 and a 200-day moving average price of C$0.82.

Insider Buying and Selling at Trigon Metals

In other news, Senior Officer Damian Lopez sold 30,000 shares of the company’s stock in a transaction dated 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 company 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.