Trilogy Metals (TSE:TMQ) Trading Down 31.4%

Trilogy Metals Inc. (TSE:TMQ) shares fell 31.4% during trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.48. 111,647 shares were traded during trading, an increase of 427% from the average session volume of 21,173 shares. The stock had previously closed at C$0.70.

Analyst Ratings Changes

Several analysts recently issued reports on TMQ shares. Raymond James decreased their price objective on shares of Trilogy Metals from C$1.50 to C$1.25 in a report on Thursday. National Bankshares decreased their price objective on shares of Trilogy Metals from C$1.00 to C$0.75 and set a “sector perform” rating for the company in a report on Monday, January 8th.

Trilogy Metals Trading Down 3.8 %

The company has a current ratio of 6.20, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is C$0.64 and its 200-day moving average is C$0.63. The firm has a market capitalization of C$81.47 million, a P/E ratio of -3.64 and a beta of 1.09.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data on Friday, February 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). As a group, sell-side analysts anticipate that Trilogy Metals Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Trilogy Metals

In other Trilogy Metals news, Senior Officer Elaine Sanders sold 56,885 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of C$0.46, for a total value of C$26,195.54. Insiders sold a total of 72,351 shares of company stock valued at $33,085 in the last ninety days. Company insiders own 17.12% of the company’s stock.

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.