Trilogy Metals (TSE:TMQ) Reaches New 12-Month Low – Here’s Why

Trilogy Metals Inc. (TSE:TMQ) shares reached a new 52-week low during trading on Friday. The stock traded as low as C$2.73 and last traded at C$2.76, with a volume of 38,506 shares changing hands. The stock had previously closed at C$2.84.

Analyst Upgrades and Downgrades

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

Trilogy Metals Trading Down 3.5%

The company has a quick ratio of 5.25, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of C$3.82 and a 200 day simple moving average of C$5.02. The company has a market cap of C$496.93 million, a price-to-earnings ratio of -9.45 and a beta of 1.42.

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.