Trilogy Metals (TSE:TMQ) Trading Down 3.2% – Should You Sell?

Shares of Trilogy Metals Inc. (TSE:TMQ) dropped 3.2% during mid-day trading on Tuesday . The company traded as low as C$1.78 and last traded at C$1.79. Approximately 4,200 shares changed hands during trading, a decline of 78% from the average daily volume of 18,986 shares. The stock had previously closed at C$1.85.

Wall Street Analyst Weigh In

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

Trilogy Metals Stock Down 3.2 %

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 company has a market capitalization of C$287.38 million, a P/E ratio of -16.27 and a beta of 1.33. The firm’s 50 day moving average price is C$1.68 and its two-hundred day moving average price is C$1.20.

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.