Trilogy Metals (TSE:TMQ) Shares Up 5.7% - Here's Why

Shares of Trilogy Metals Inc. (TSE:TMQ - Get Free Report) shot up 5.7% during trading on Thursday . The company traded as high as C$1.85 and last traded at C$1.85. 5,011 shares traded 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 Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James upped their price objective 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 price objective on Trilogy Metals from C$2.00 to C$2.25 and gave the stock a "hold" rating in a research report on Thursday, April 3rd.

Trilogy Metals Price Performance

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's 50 day moving average price is C$1.95 and its 200-day moving average price is C$1.88. The company has a quick ratio of 5.25, a current ratio of 60.98 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.