Trilogy Metals Inc (NYSE:TMQ) Sees Large Decrease in Short Interest

Trilogy Metals Inc (NYSE:TMQ) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 824,419 shares, a decline of 2.0% from the July 14th total of 841,221 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 539,622 shares, the short-interest ratio is presently 1.5 days.

Shares of Trilogy Metals (TMQ) opened at 1.15 on Friday. The company has a 50 day moving average price of $0.90 and a 200-day moving average price of $0.66. The stock’s market cap is $121.39 million. Trilogy Metals has a one year low of $0.41 and a one year high of $1.35.

Separately, Roth Capital initiated coverage on Trilogy Metals in a research report on Monday, June 12th. They set a “buy” rating and a $1.50 target price for the company.

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Trilogy Metals Company Profile

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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