Trilogy Metals (TSE:TMQ) Reaches New 52-Week Low – Here’s What Happened

Trilogy Metals Inc. (TSE:TMQ)’s stock price reached a new 52-week low on Tuesday. The company traded as low as C$3.74 and last traded at C$3.74, with a volume of 71,350 shares. The stock had previously closed at C$3.98.

Wall Street Analyst Weigh In

Separately, Freedom Capital lowered shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$7.75.

Trilogy Metals Price Performance

The stock has a market capitalization of C$678.29 million, a PE ratio of -12.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 5.25. The stock’s fifty day moving average is C$4.76 and its 200-day moving average is C$5.12.

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.