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Trigon Metals shares rose 13.6% on heavy volume, reaching C$0.25, with no clear reason for the surge.
Trigon Metals (CVE:TM) shares climbed 13.6% on Tuesday, reaching a high of C$0.25 and closing at that level, up from C$0.22, on significantly elevated trading volume of 366,332 shares—453% above average.
The company, focused on copper, lead, and silver exploration in Africa, holds an 80% stake in Namibia’s Kombat Mine Property.
Financially, it has a market cap of C$13.61 million, a negative P/E ratio, and a debt-to-equity ratio of -97.36, indicating no net debt.
Technical indicators show the stock near its 50-day and 200-day moving averages.
No specific catalyst for the rise was identified.
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Las acciones de Trigon Metals subieron un 13,6% en volumen pesado, alcanzando C$0,25, sin una razón clara para el aumento.