Trilogy Metals Inc (TMQ) Sees Large Increase in Short Interest
Trilogy Metals Inc (NYSE:TMQ) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 787,191 shares, an increase of 7.9% from the October 14th total of 729,368 shares. Based on an average daily trading volume, of 57,162 shares, the days-to-cover ratio is currently 13.8 days. Approximately 1.2% of the shares of the company are short sold.
Shares of Trilogy Metals (NYSE:TMQ) opened at 0.4903 on Thursday. The company’s market capitalization is $51.61 million. Trilogy Metals has a 52 week low of $0.15 and a 52 week high of $0.86. The firm has a 50 day moving average price of $0.52 and a 200 day moving average price of $0.56.
About Trilogy Metals
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based metals exploration company. The Company is engaged in exploring and developing the Ambler mining district located in northwestern Alaska. The Company’s segments are Alaska, USA; Antioquia, Colombia, and Corporate and other. The Company focuses on the Arctic deposit, which is a volcanogenic massive sulfide deposit located approximately 470 kilometers northwest of the City of Fairbanks, Alaska.
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