Trilogy Metals (TSE:TMQ) Reaches New 52-Week High – Here’s Why

Trilogy Metals Inc. (TSE:TMQ) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.98 and last traded at C$1.87, with a volume of 59383 shares traded. The stock had previously closed at C$1.80.

Analyst Ratings Changes

Separately, TD Securities raised their target price on shares of Trilogy Metals from C$0.75 to C$1.50 and gave the stock a “hold” rating in a research report on Friday, November 15th.

Trilogy Metals Price Performance

The stock has a market cap of C$305.05 million, a PE ratio of -17.27 and a beta of 1.33. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of C$1.61 and a two-hundred day simple moving average of C$1.08.

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.