Trilogy Metals (TSE:TMQ) Trading Down 13.7% - What's Next?

Key Points

• Trilogy Metals Inc. experienced a significant decline of 13.7% in its stock price during mid-day trading, dropping to C$12.68 from a previous close of C$14.70.
• Analysts have mixed opinions on the stock; while TD Securities raised its target price and gave a "hold" rating, BMO Capital Markets downgraded it to "market perform" with a target price of C$5.50.
• The company operates in the exploration stage of mineral resources, focusing on the Upper Kobuk Mineral Projects in Alaska, demonstrating its commitment to developing valuable mineral properties.

Trilogy Metals Inc. (TSE:TMQ - Get Free Report)'s stock price was down 13.7% during mid-day trading on Wednesday . The company traded as low as C$12.29 and last traded at C$12.68. Approximately 457,683 shares were traded during trading, an increase of 586% from the average daily volume of 66,687 shares. The stock had previously closed at C$14.70.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TMQ shares. TD Securities increased their target price on Trilogy Metals from C$2.25 to C$5.50 and gave the company a "hold" rating in a research report on Tuesday, October 7th. Raymond James Financial upgraded Trilogy Metals from a "hold" rating to a "moderate buy" rating in a report on Tuesday, October 7th. Cormark lowered Trilogy Metals from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets lowered Trilogy Metals from an "outperform" rating to a "market perform" rating and set a C$5.50 price objective on the stock. in a report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of C$4.50.

Trilogy Metals Stock Performance

The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of C$3.42 and a 200 day moving average price of C$2.52. The firm has a market cap of C$1.91 billion, a PE ratio of -193.50 and a beta of 1.94.

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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