TD Securities downgraded shares of Trilogy Metals (NYSEAMERICAN:TMQ – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.
Trilogy Metals Price Performance
Trilogy Metals stock opened at $0.55 on Thursday. The stock has a market capitalization of $88.75 million, a PE ratio of -6.91 and a beta of 1.42. Trilogy Metals has a 12-month low of $0.25 and a 12-month high of $0.61.
Insider Buying and Selling
In related news, CFO Elaine Sanders sold 53,454 shares of Trilogy Metals stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $0.49, for a total value of $26,192.46. Following the completion of the sale, the chief financial officer now directly owns 2,503,107 shares in the company, valued at approximately $1,226,522.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On Trilogy Metals
About Trilogy Metals
Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.
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