Trilogy Metals Inc (TMQ) Short Interest Up 16.0% in June

Trilogy Metals Inc (NYSEAMERICAN:TMQ) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 667,107 shares, a growth of 16.0% from the May 31st total of 574,949 shares. Based on an average trading volume of 172,629 shares, the days-to-cover ratio is currently 3.9 days.

Shares of Trilogy Metals opened at $1.68 on Friday, MarketBeat Ratings reports. Trilogy Metals has a 12-month low of $0.62 and a 12-month high of $1.87.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its earnings results on Thursday, April 5th. The mining company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01).

Separately, Zacks Investment Research raised Trilogy Metals from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.

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