Trilogy Metals (TSE:TMQ) Trading Down 2.9% - Should You Sell?

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 - Get Free Report) shares traded down 2.9% on Friday . The company traded as low as C$1.99 and last traded at C$1.99. 7,200 shares were traded during mid-day trading, a decline of 69% from the average session volume of 23,513 shares. The stock had previously closed at C$2.05.

Trilogy Metals Stock Down 0.9%

The business has a fifty day moving average of C$2.11 and a 200 day moving average of C$2.04. The stock has a market cap of C$246.61 million, a price-to-earnings ratio of -24.45 and a beta of 1.33. 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.