Trilogy Metals (TSE:TMQ) Shares Down 0.6% – Here’s What Happened

Shares of Trilogy Metals Inc. (TSE:TMQ) dropped 0.6% during mid-day trading on Thursday . The company traded as low as C$1.56 and last traded at C$1.59. Approximately 21,331 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 30,337 shares. The stock had previously closed at C$1.60.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective 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 Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 30.42. The company’s 50-day moving average price is C$1.22 and its 200-day moving average price is C$0.89. The firm has a market capitalization of C$255.27 million, a PE ratio of -14.45 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.01). On average, sell-side analysts expect that Trilogy Metals Inc. will post -0.07 earnings per share for the current 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.