Insider Selling: Trilogy Metals (TSE:TMQ) Director Sells C$304,000.00 in Stock

Trilogy Metals Inc. (TSE:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$6.08, for a total transaction of C$304,000.00. Following the completion of the transaction, the director owned 18,531 shares in the company, valued at approximately C$112,668.48. This trade represents a 72.96% decrease in their position.

Trilogy Metals Trading Down 4.4%

Trilogy Metals stock opened at C$6.11 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.46. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -21.82 and a beta of 1.66. Trilogy Metals Inc. has a 1 year low of C$1.59 and a 1 year high of C$15.21. The firm’s 50 day moving average price is C$5.53 and its two-hundred day moving average price is C$6.11.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. On average, research analysts predict that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. National Bank Financial decreased their price objective on shares of 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. Freedom Capital raised shares of Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, TD Securities lowered shares of Trilogy Metals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$8.50 to C$8.00 in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$7.00.

About Trilogy Metals

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.