Trilogy Metals (TSE:TMQ) Trading Down 2.9% - Here's Why

Key Points

• Trilogy Metals Inc. stock traded down by 2.9% on Friday, closing at C$1.99 after hitting a low of C$1.99 during the day.
• Trading volume was significantly lower, with approximately 7,200 shares changing hands, a 69% decrease from the average daily volume of 23,513 shares.
• The company, with a market cap of C$225.12 million, is focused on mineral exploration in the Ambler mining district of Alaska.

Trilogy Metals Inc. (TSE:TMQ - )'s stock price was down 2.9% during trading on Friday . The company traded as low as C$1.99 and last traded at C$1.99. Approximately 7,200 shares were traded during trading, a decline of 69% from the average daily volume of 23,513 shares. The stock had previously closed at C$2.05.

Trilogy Metals Trading Down 2.9%

The company has a market cap of C$225.12 million, a price-to-earnings ratio of -22.32 and a beta of 1.33. The business's fifty day moving average price is C$2.09 and its 200 day moving average price is C$2.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25.

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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