Trilogy Metals (TSE:TMQ) Insider Olav Langelaar Acquires 5,000 Shares

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average price of C$5.24 per share, for a total transaction of C$26,200.00. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at C$26,200. This trade represents a ∞ increase in their ownership of the stock.

Trilogy Metals Trading Up 1.1%

Trilogy Metals stock traded up C$0.06 during midday trading on Friday, hitting C$5.43. 398,091 shares of the stock were exchanged, compared to its average volume of 668,357. The stock has a market capitalization of C$936.92 million, a PE ratio of -20.88 and a beta of 1.44. The company has a fifty day simple moving average of C$6.67 and a two-hundred day simple moving average of C$5.76. The company has a quick ratio of 5.25, a current ratio of 1.57 and a debt-to-equity ratio of 0.15. Trilogy Metals Inc. has a 52 week low of C$1.59 and a 52 week high of C$15.21.

Trilogy Metals (TSE:TMQ) last issued its earnings results on Tuesday, February 17th. The company reported C($0.29) EPS for the quarter. Equities research analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on TMQ shares. National Bank Financial raised their price objective on Trilogy Metals from C$7.00 to C$9.50 in a research note on Thursday, January 29th. Cormark raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 18th. Finally, TD Securities downgraded Trilogy Metals from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$8.50 to C$8.00 in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Trilogy Metals currently has a consensus rating of “Hold” and a consensus price target of C$6.38.

Trilogy Metals Company Profile

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.