Trilogy Metals (TSE:TMQ) Insider Olav Langelaar Acquires 5,000 Shares

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of C$4.56 per share, for a total transaction of C$22,800.00. Following the completion of the purchase, the insider directly owned 22,000 shares in the company, valued at C$100,320. This trade represents a 29.41% increase in their position.

Trilogy Metals Stock Up 3.8%

TMQ stock opened at C$4.60 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.11. The stock has a market capitalization of C$793.71 million, a PE ratio of -15.33 and a beta of 1.50. Trilogy Metals Inc. has a one year low of C$1.96 and a one year high of C$15.21. The company has a fifty day moving average of C$5.54 and a 200-day moving average of C$5.94.

Analyst Ratings Changes

A number of research analysts have issued reports on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Monday, April 6th. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Finally, National Bank Financial dropped their price objective on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$7.00.

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.