Trilogy Metals (TSE:TMQ) Stock Price Down 1.2% – Here’s Why

Trilogy Metals Inc. (TSE:TMQ) shares dropped 1.2% during trading on Friday . The stock traded as low as C$1.67 and last traded at C$1.67. Approximately 3,000 shares changed hands during trading, a decline of 75% from the average daily volume of 11,825 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

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

Trilogy Metals Price Performance

The firm’s 50-day moving average price is C$1.49 and its 200-day moving average price is C$1.00. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of C$268.12 million, a PE ratio of -15.18 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last released its earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). On average, equities analysts forecast 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.