Trilogy Metals (TSE:TMQ) Reaches New 1-Year Low – Here’s Why

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

Analyst Ratings Changes

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

Trilogy Metals Stock Down 3.2%

The company has a current ratio of 1.33, a quick ratio of 5.25 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is C$3.85 and its 200 day moving average price is C$5.05. The company has a market capitalization of C$498.74 million, a P/E ratio of -9.48 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.