Trilogy Metals (TSE:TMQ) Shares Down 0.6% – Here’s Why

Trilogy Metals Inc. (TSE:TMQ)’s stock price fell 0.6% during trading on Thursday . The stock traded as low as C$1.56 and last traded at C$1.59. 21,331 shares were traded during trading, a decline of 30% from the average session volume of 30,337 shares. The stock had previously closed at C$1.60.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price target on shares of Trilogy Metals from C$0.75 to C$1.50 and gave the company a “hold” rating in a research report on Friday, November 15th.

Trilogy Metals Trading Up 1.3 %

The stock has a market cap of C$258.49 million, a P/E ratio of -14.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 30.42. The firm’s fifty day simple moving average is C$1.24 and its 200-day simple moving average is C$0.90.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings results on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01). Equities research analysts expect that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.