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Trilogy Metals (TSE:TMQ) Trading Down 0.6% - Here's What Happened

Trilogy Metals logo with Basic Materials background

Trilogy Metals Inc. (TSE:TMQ - Get Free Report)'s share price fell 0.6% during trading on Thursday . The company 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.

Analysts Set New Price Targets

Separately, TD Securities raised their target price on 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.

Check Out Our Latest Report on Trilogy Metals

Trilogy Metals Stock Up 1.3 %

The stock has a market capitalization of C$258.49 million, a price-to-earnings ratio of -14.64 and a beta of 1.33. The company has a quick ratio of 5.25, a current ratio of 30.42 and a debt-to-equity ratio of 0.02. The business's 50-day moving average is C$1.24 and its two-hundred day moving average is C$0.90.

Trilogy Metals (TSE:TMQ - Get Free Report) last issued its earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, hitting the consensus estimate of C($0.01). Equities analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Trilogy Metals Company Profile

(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.

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