Trilogy Metals (TSE:TMQ) Trading 0.4% Higher

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Trilogy Metals Inc (TSE:TMQ)’s share price traded up 0.4% on Monday . The stock traded as high as C$2.44 and last traded at C$2.41, 6,553 shares traded hands during mid-day trading. A decline of 75% from the average session volume of 26,564 shares. The stock had previously closed at C$2.40.

Several research analysts have weighed in on the stock. Raymond James reissued an “outperform” rating and issued a C$3.75 price target on shares of Trilogy Metals in a report on Friday, October 18th. National Bank Financial lowered their price target on shares of Trilogy Metals from C$5.25 to C$4.50 and set an “outperform” rating on the stock in a report on Thursday, September 12th.

The company’s fifty day moving average price is C$2.50 and its 200 day moving average price is C$2.85. The company has a market capitalization of $338.97 million and a P/E ratio of -11.99.

Trilogy Metals (TSE:TMQ) last announced its earnings results on Wednesday, October 9th. The company reported C($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.08) by C($0.04).

Trilogy Metals Company Profile (TSE:TMQ)

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.

Further Reading: Understanding Average Daily Trade Volume

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