Trilogy Metals (TSE:TMQ) Trading Down 3.2% - Should You Sell?

Trilogy Metals Inc. (TSE:TMQ - Get Free Report) shares dropped 3.2% during trading on Tuesday . The company traded as low as C$1.78 and last traded at C$1.79. Approximately 4,200 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 18,986 shares. The stock had previously closed at C$1.85.

Analyst Upgrades and Downgrades

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 note on Friday, November 15th.

Trilogy Metals Stock Up 7.3 %

The stock has a 50 day simple moving average of C$1.70 and a 200-day simple moving average of C$1.21. The firm has a market cap of C$214.94 million, a PE ratio of -21.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25.

Trilogy Metals Company Profile

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.