Trigon Metals (CVE:TM) Reaches New 1-Year High – Still a Buy?

Trigon Metals Inc. (CVE:TM)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.52 and last traded at C$0.45, with a volume of 323367 shares trading hands. The stock had previously closed at C$0.46.

Trigon Metals Stock Performance

The business’s 50 day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.27. The stock has a market cap of C$25.20 million, a P/E ratio of -15.33 and a beta of 3.34. The company has a quick ratio of 0.03, a current ratio of 0.23 and a debt-to-equity ratio of -97.36.

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. The company was formerly known as Kombat Copper Inc and changed its name to Trigon Metals Inc in December 2016.