Trilogy Metals (TSE:TMQ) Trading Down 1.4%

Trilogy Metals Inc. (TSE:TMQ) was down 1.4% on Monday . The company traded as low as C$0.64 and last traded at C$0.69. Approximately 13,400 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 23,333 shares. The stock had previously closed at C$0.70.

Wall Street Analyst Weigh In

Separately, TD Securities cut Trilogy Metals from a “buy” rating to a “hold” rating and set a C$0.75 target price on the stock. in a report on Thursday, July 11th.

Trilogy Metals Trading Up 1.4 %

The stock’s 50 day moving average is C$0.77 and its two-hundred day moving average is C$0.69. The company has a market capitalization of C$112.39 million, a PE ratio of -6.36 and a beta of 1.34. 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 announced its earnings results on Wednesday, July 10th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). As a group, sell-side analysts predict 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.