Trilogy Metals (TSE:TMQ) Stock Price Up 5.7% - Time to Buy?

Trilogy Metals Inc. (TSE:TMQ - Get Free Report) shares shot up 5.7% on Thursday . The stock traded as high as C$1.85 and last traded at C$1.85. 5,011 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 22,891 shares. The stock had previously closed at C$1.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James boosted their target price on shares of Trilogy Metals from C$2.00 to C$2.50 and gave the stock a "market perform" rating in a research report on Monday, March 24th. TD Securities boosted their target price on shares of Trilogy Metals from C$2.00 to C$2.25 and gave the company a "hold" rating in a research note on Thursday, April 3rd.

Trilogy Metals Stock Down 3.8%

The stock's fifty day moving average price is C$1.94 and its 200 day moving average price is C$1.88. The stock has a market cap of C$201.36 million, a P/E ratio of -19.96 and a beta of 1.33. The company has a current ratio of 60.98, a quick ratio of 5.25 and a debt-to-equity ratio of 0.12.

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.