Trilogy Metals (TSE:TMQ) Shares Down 0.6% – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ) shares dropped 0.6% on Thursday . The company traded as low as C$1.56 and last traded at C$1.59. Approximately 21,331 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 30,337 shares. The stock had previously closed at C$1.60.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price target on shares of Trilogy Metals from C$0.75 to C$1.50 and gave the company a “hold” rating in a research report on Friday, November 15th.

Trilogy Metals Price Performance

The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of C$1.24 and a 200 day moving average of C$0.90. The firm has a market capitalization of C$258.49 million, a PE ratio of -14.64 and a beta of 1.33.

Trilogy Metals (TSE:TMQ) last announced its earnings results on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01). As a group, research analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

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.