Olav Langelaar Buys 5,000 Shares of Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was acquired at an average cost of C$4.56 per share, with a total value of C$22,800.00. Following the purchase, the insider owned 22,000 shares of the company’s stock, valued at approximately C$100,320. This represents a 29.41% increase in their position.

Trilogy Metals Price Performance

TMQ traded up C$0.19 on Thursday, reaching C$4.62. The company had a trading volume of 167,158 shares, compared to its average volume of 453,636. The company has a fifty day moving average of C$5.56 and a 200-day moving average of C$5.95. The company has a market capitalization of C$797.16 million, a P/E ratio of -15.40 and a beta of 1.50. The company has a current ratio of 1.46, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. Trilogy Metals Inc. has a one year low of C$1.96 and a one year high of C$15.21.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 6th. Finally, National Bank Financial dropped their price objective on Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Trilogy Metals has an average rating of “Moderate Buy” and an average price target of C$7.00.

About Trilogy Metals

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.