Trilogy Metals (TSE:TMQ) Shares Down 0.7% – Time to Sell?

Trilogy Metals Inc. (TSE:TMQ) traded down 0.7% on Tuesday . The company traded as low as C$6.61 and last traded at C$6.90. 676,461 shares were traded during mid-day trading, an increase of 577% from the average session volume of 99,913 shares. The stock had previously closed at C$6.95.

Analyst Ratings Changes

TMQ has been the subject of several research analyst reports. BMO Capital Markets cut Trilogy Metals from an “outperform” rating to a “market perform” rating and set a C$5.50 target price for the company. in a research note on Friday, October 10th. TD Securities lifted their price objective on shares of Trilogy Metals from C$5.50 to C$8.50 in a report on Tuesday, October 21st. National Bankshares lifted their price objective on shares of Trilogy Metals from C$3.25 to C$8.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Raymond James Financial upgraded Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 7th. Finally, Cormark cut shares of Trilogy Metals from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.13.

Trilogy Metals Price Performance

The stock has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -115.00 and a beta of 1.94. The stock has a 50-day simple moving average of C$4.67 and a 200 day simple moving average of C$2.97. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.