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Trigon Metals Inc ( (TSE:TM) ) has issued an announcement.
Trigon Metals Inc. has received approval from the Namibian Competition Commission for the sale of its interest in the Kombat Mine to Horizon Corporation. This approval marks a significant step towards finalizing the transaction, which is expected to bring growth and opportunities to the Kombat Mine, ensuring community involvement and sustainable development in Namibia.
The most recent analyst rating on (TSE:TM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Trigon Metals Inc stock, see the TSE:TM Stock Forecast page.
Spark’s Take on TSE:TM Stock
According to Spark, TipRanks’ AI Analyst, TSE:TM is a Underperform.
Trigon Metals Inc faces significant financial instability, with negative profitability and high leverage, impacting its overall stock score. Technical analysis indicates a bearish trend, while the valuation suffers due to a negative P/E ratio and no dividend yield. Although corporate events suggest potential strategic shifts providing financial flexibility, operational challenges pose risks. The overall score reflects these significant challenges, suggesting caution for potential investors.
To see Spark’s full report on TSE:TM stock, click here.
More about Trigon Metals Inc
Trigon Metals Inc. is a Canadian exploration and development company focused on copper and silver mining projects in Africa. The company holds interests in the Kalahari Copperbelt Project in Namibia and is advancing exploration projects in Morocco, including Addana and Silver Hill.
Average Trading Volume: 62,628
Technical Sentiment Signal: Sell
Current Market Cap: C$13.07M
For detailed information about TM stock, go to TipRanks’ Stock Analysis page.