Trilogy Metals (TSE:TMQ) Director William Iggiagruk Hensley Sells 50,000 Shares of Stock

Trilogy Metals Inc. (TSE:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$6.08, for a total value of C$304,000.00. Following the sale, the director directly owned 18,531 shares of the company’s stock, valued at C$112,668.48. This represents a 72.96% decrease in their position.

Trilogy Metals Stock Performance

TSE:TMQ opened at C$6.46 on Wednesday. The stock has a 50-day simple moving average of C$5.52 and a two-hundred day simple moving average of C$6.14. Trilogy Metals Inc. has a 52-week low of C$1.59 and a 52-week high of C$15.21. 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 capitalization of C$1.11 billion, a PE ratio of -23.07 and a beta of 1.66.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings results on Thursday, April 2nd. The company reported C($0.05) earnings per share (EPS) for the quarter. Analysts forecast that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on TMQ. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Monday, April 6th. National Bank Financial cut their price target on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Finally, TD Securities lowered Trilogy Metals from a “buy” rating to a “hold” rating and cut their price target for the company from C$8.50 to C$8.00 in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.