Trilogy Metals (TSE:TMQ) Stock Price Down 1.2% – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Trilogy Metals Trading Down 1.2 %

The stock’s fifty day simple moving average is C$1.49 and its two-hundred day simple moving average is C$1.00. The firm has a market cap of C$268.12 million, a PE ratio of -15.18 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.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Tuesday, October 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). On average, sell-side 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.