Trilogy Metals (TSE:TMQ) Hits New 1-Year Low – Here’s What Happened

Trilogy Metals Inc. (TSE:TMQ)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as C$3.74 and last traded at C$3.74, with a volume of 71,350 shares trading hands. The stock had previously closed at C$3.98.

Analysts Set New Price Targets

Separately, Freedom Capital cut shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$7.75.

Trilogy Metals Stock Performance

The stock has a market cap of C$611.19 million, a price-to-earnings ratio of -11.62 and a beta of 1.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 5.25. The firm has a fifty day moving average of C$4.71 and a 200 day moving average of C$5.10.

Trilogy Metals Company Profile

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.