Trilogy Metals (TSE:TMQ) Shares Up 208.9% Following Analyst Upgrade

Key Points

• Trilogy Metals' share price surged by 208.9% after TD Securities upgraded the price target from C$2.25 to C$5.50, with the stock trading as high as C$11.02 during mid-day trading.
• The company currently has a market cap of C$1.49 billion and has experienced a dramatic increase in trading volume of over 5,481% compared to its average session volume.
• Trilogy Metals is in the exploration stage, focusing on mineral resource properties in Alaska, specifically the Upper Kobuk Mineral Projects.

Trilogy Metals Inc. (TSE:TMQ - )'s share price shot up 208.9% during mid-day trading on Tuesday after TD Securities raised their price target on the stock from C$2.25 to C$5.50. TD Securities currently has a hold rating on the stock. Trilogy Metals traded as high as C$11.02 and last traded at C$9.05. 1,816,134 shares traded hands during trading, an increase of 5,481% from the average session volume of 32,541 shares. The stock had previously closed at C$2.93.

Trilogy Metals Trading Up 208.9%

The stock has a market cap of C$1.49 billion, a P/E ratio of -150.83 and a beta of 1.94. 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 stock has a 50-day moving average price of C$2.65 and a 200-day moving average price of C$2.26.

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.

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