William Iggiagruk Hensley Sells 50,000 Shares of Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals Inc. (TSE:TMQ) Director William Iggiagruk Hensley sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$6.08, for a total transaction of C$304,000.00. Following the sale, the director directly owned 18,531 shares of the company’s stock, valued at approximately C$112,668.48. This trade represents a 72.96% decrease in their position.

Trilogy Metals Price Performance

Shares of TSE TMQ traded down C$0.06 during trading hours on Tuesday, hitting C$6.46. 424,172 shares of the stock were exchanged, compared to its average volume of 521,250. The company’s fifty day simple moving average is C$5.52 and its two-hundred day simple moving average is C$6.14. The company has a market cap of C$1.11 billion, a PE ratio of -23.07 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.46. Trilogy Metals Inc. has a 1-year low of C$1.59 and a 1-year high of C$15.21.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. On average, sell-side analysts predict that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Analyst Ratings Changes

TMQ has been the subject of several analyst reports. National Bank Financial lowered their target price on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. TD Securities downgraded Trilogy Metals from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$8.50 to C$8.00 in a research report on Friday, February 20th. Finally, Freedom Capital raised Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Trilogy Metals presently has an average rating of “Moderate Buy” and a consensus target price of C$7.00.

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.