Trilogy Metals (TSE:TMQ) Trading Down 31.4%

Trilogy Metals Inc. (TSE:TMQ) shares were down 31.4% during mid-day trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.48. Approximately 111,647 shares were traded during mid-day trading, an increase of 427% from the average daily volume of 21,173 shares. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their target price on Trilogy Metals from C$1.00 to C$0.75 and set a “sector perform” rating on the stock in a research note on Monday, January 8th.

Trilogy Metals Stock Performance

The stock has a market capitalization of C$78.28 million, a P/E ratio of -5.00 and a beta of 1.09. The company has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.20 and a quick ratio of 5.25.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings results on Friday, February 9th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). On average, equities analysts forecast that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Insider Activity

In other news, Senior Officer Elaine Sanders sold 56,885 shares of Trilogy Metals stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of C$0.46, for a total value of C$26,195.54. Over the last three months, insiders sold 72,351 shares of company stock worth $33,085. 17.12% of the stock is owned by corporate insiders.

Trilogy Metals Company Profile

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.