Trilogy Metals (TSE:TMQ) Sets New 52-Week Low – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as C$3.28 and last traded at C$3.33, with a volume of 94,079 shares trading hands. The stock had previously closed at C$3.32.

Analysts Set New Price Targets

Separately, Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$7.75.

Trilogy Metals Stock Performance

The stock has a market capitalization of C$607.56 million, a P/E ratio of -11.55 and a beta of 1.65. The stock’s 50-day simple moving average is C$4.64 and its 200 day simple moving average is C$5.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 5.25.

About Trilogy Metals

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.