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

Trilogy Metals Inc. (TSE:TMQ)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$1.80 and last traded at C$1.26, with a volume of 210971 shares changing hands. The stock had previously closed at C$0.72.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut shares of Trilogy Metals from a “buy” rating to a “hold” rating and set a C$0.75 target price for the company. in a research report on Thursday, July 11th.

Trilogy Metals Stock Up 108.3 %

The stock has a market cap of C$240.83 million, a P/E ratio of -6.55 and a beta of 1.33. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is C$0.73 and its 200-day moving average is C$0.71.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01). As a group, research analysts anticipate that Trilogy Metals Inc. will post -0.07 earnings per share for the current fiscal year.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.