Trilogy Metals (TSE:TMQ) Trading Up 220.1% - Should You Buy?

Key Points

• Trilogy Metals Inc. shares surged by 220.1% during mid-day trading, reaching a peak of C$11.02 before settling at C$9.38.
• The company's trading volume increased dramatically by 4,124% compared to its average daily volume, indicating heightened investor interest.
• Trilogy Metals focuses on mineral exploration in the Ambler mining district, Alaska, and currently holds a market capitalization of C$1.62 billion.

Trilogy Metals Inc. (TSE:TMQ - ) shares were up 220.1% during mid-day trading on Tuesday . The company traded as high as C$11.02 and last traded at C$9.38. Approximately 1,237,825 shares traded hands during mid-day trading, an increase of 4,124% from the average daily volume of 29,306 shares. The stock had previously closed at C$2.93.

Trilogy Metals Price 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 business has a fifty day moving average price of C$2.52 and a 200-day moving average price of C$2.22. The stock has a market capitalization of C$1.62 billion, a PE ratio of -164.67 and a beta of 1.94.

Trilogy Metals Company Profile

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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