Trilogy Metals (TSE:TMQ) Trading Down 23.1% - Time to Sell?

Key Points

• Trilogy Metals Inc. (TSE:TMQ) experienced a significant stock price decline of 23.1%, closing at C$11.30 after reaching a low of C$11.00.
• Analysts have recently downgraded the stock, with BMO Capital Markets setting a new price target of C$5.50 and a consensus rating of "Hold" across multiple firms.
• The company is in the exploration stage and is focused on its mineral resource properties in Alaska, holding a market cap of C$1.95 billion.

Trilogy Metals Inc. (TSE:TMQ - Get Free Report)'s stock price fell 23.1% on Wednesday . The company traded as low as C$11.00 and last traded at C$11.30. 1,694,025 shares were traded during trading, an increase of 2,170% from the average session volume of 74,627 shares. The stock had previously closed at C$14.70.

Analyst Ratings Changes

A number of research firms recently weighed in on TMQ. BMO Capital Markets cut shares of Trilogy Metals from an "outperform" rating to a "market perform" rating and set a C$5.50 price objective for the company. in a research report on Friday, October 10th. Cormark cut shares of Trilogy Metals from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 8th. TD Securities raised their price target on shares of 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. Finally, Raymond James Financial raised shares of Trilogy Metals from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$4.50.

Trilogy Metals Price Performance

The company's 50-day simple moving average is C$3.42 and its 200 day simple moving average is C$2.52. The company has a market cap of C$1.95 billion, a PE ratio of -197.83 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.

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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