Trilogy Metals (TSE:TMQ) Shares Down 2.3% - Time to Sell?

Shares of Trilogy Metals Inc. (TSE:TMQ - Get Free Report) fell 2.3% during trading on Thursday . The stock traded as low as C$2.57 and last traded at C$2.59. 122,940 shares traded hands during mid-day trading, an increase of 411% from the average session volume of 24,080 shares. The stock had previously closed at C$2.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMQ. Raymond James Financial lifted their target price on Trilogy Metals from C$2.00 to C$2.50 and gave the stock a "market perform" rating in a research report on Monday, March 24th. TD Securities lifted their price target on shares of Trilogy Metals from C$2.00 to C$2.25 and gave the company a "hold" rating in a report on Thursday, April 3rd.

Trilogy Metals Stock Down 2.3%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.25 and a current ratio of 60.98. The business's 50 day moving average is C$1.91 and its 200-day moving average is C$1.97. The firm has a market capitalization of C$287.34 million, a price-to-earnings ratio of -28.48 and a beta of 1.33.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.