Trilogy Metals (TSE:TMQ) Stock Price Down 1.2% – Should You Sell?

Shares of Trilogy Metals Inc. (TSE:TMQ) were down 1.2% during mid-day trading on Friday . The stock traded as low as C$1.67 and last traded at C$1.67. Approximately 3,000 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 11,825 shares. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

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

Trilogy Metals Price Performance

The company has a market cap of C$268.12 million, a price-to-earnings ratio of -15.18 and a beta of 1.33. The company’s 50 day moving average price is C$1.49 and its 200 day moving average price is C$1.00. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). Equities research analysts forecast that Trilogy Metals Inc. will post -0.07 earnings per share for the current year.

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.