William Iggiagruk Hensley Sells 50,000 Shares of Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals Inc. (TSE:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$6.08, for a total transaction of C$304,000.00. Following the transaction, the director owned 18,531 shares in the company, valued at C$112,668.48. The trade was a 72.96% decrease in their ownership of the stock.

Trilogy Metals Stock Down 1.1%

Shares of TSE TMQ opened at C$6.39 on Thursday. Trilogy Metals Inc. has a one year low of C$1.59 and a one year high of C$15.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.46 and a quick ratio of 5.25. The firm’s 50 day simple moving average is C$5.52 and its two-hundred day simple moving average is C$6.13. The stock has a market capitalization of C$1.10 billion, a P/E ratio of -22.82 and a beta of 1.66.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. As a group, analysts expect that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

TMQ has been the subject of a number of analyst reports. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. TD Securities lowered Trilogy Metals from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$8.50 to C$8.00 in a research note on Friday, February 20th. Finally, National Bank Financial dropped their price objective on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$7.00.

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.