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Trilogy Metals (TSE:TMQ) Hits New 1-Year High After Analyst Upgrade

Trilogy Metals logo with Basic Materials background

Trilogy Metals Inc. (TSE:TMQ - Get Free Report) hit a new 52-week high on Friday after TD Securities raised their price target on the stock from C$0.75 to C$1.50. TD Securities currently has a hold rating on the stock. Trilogy Metals traded as high as C$1.85 and last traded at C$1.76, with a volume of 369698 shares traded. The stock had previously closed at C$1.31.

Trilogy Metals Price Performance

The stock has a market capitalization of C$288.99 million, a price-to-earnings ratio of -15.36 and a beta of 1.33. The company's 50-day simple moving average is C$0.83 and its 200 day simple moving average is C$0.75. The company has a quick ratio of 5.25, a current ratio of 30.42 and a debt-to-equity ratio of 0.02.

Trilogy Metals (TSE:TMQ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, hitting analysts' consensus estimates of C($0.01). Equities research analysts forecast that Trilogy Metals Inc. will post -0.07 EPS for the current year.

About Trilogy Metals

(Get Free Report)

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.

Further Reading

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