Trilogy Metals Inc (NYSEAMERICAN:TMQ) was the recipient of a significant increase in short interest in December. As of December 29th, there was short interest totalling 890,679 shares, an increase of 3.0% from the December 15th total of 864,840 shares. Based on an average daily volume of 1,261,823 shares, the short-interest ratio is presently 0.7 days. Currently, 1.3% of the shares of the stock are short sold.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Trilogy Metals from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Fundamental Research reiterated a “buy” rating and set a $2.15 price objective on shares of Trilogy Metals in a research report on Friday, October 6th.
In other news, CEO Nieuwenhuyse Rick Van acquired 1,159,096 shares of Trilogy Metals stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of $0.83 per share, with a total value of $962,049.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Trilogy Metals (TMQ) traded down $0.01 on Wednesday, hitting $1.55. 176,387 shares of the stock traded hands, compared to its average volume of 473,053. Trilogy Metals has a 1-year low of $0.45 and a 1-year high of $1.64. The stock has a market capitalization of $162.75, a P/E ratio of 10.33 and a beta of 0.29.
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About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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