Trilogy Metals (TSE:TMQ) Stock Price Up 3.1% - Here's Why

Shares of Trilogy Metals Inc. (TSE:TMQ - Get Free Report) traded up 3.1% during mid-day trading on Thursday . The company traded as high as C$2.08 and last traded at C$1.98. 11,607 shares changed hands during trading, a decline of 46% from the average session volume of 21,308 shares. The stock had previously closed at C$1.92.

Analyst Upgrades and Downgrades

TMQ has been the topic of a number of recent research reports. TD Securities lifted their price target on shares of Trilogy Metals from C$2.00 to C$2.25 and gave the stock a "hold" rating in a research note on Thursday, April 3rd. Raymond James Financial lifted their price target on shares of Trilogy Metals from C$2.00 to C$2.50 and gave the stock a "market perform" rating in a research note on Monday, March 24th.

Trilogy Metals Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. The stock's 50 day simple moving average is C$1.91 and its two-hundred day simple moving average is C$1.91. The stock has a market cap of C$220.59 million, a price-to-earnings ratio of -21.87 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.