Trilogy Metals (TSE:TMQ) Hits New 12-Month Low – What’s Next?

Trilogy Metals Inc. (TSE:TMQ)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$2.80 and last traded at C$2.81, with a volume of 31,732 shares. The stock had previously closed at C$2.90.

Analyst Ratings Changes

Separately, Freedom Capital downgraded shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Trilogy Metals presently has an average rating of “Hold” and a consensus target price of C$7.75.

Trilogy Metals Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.25 and a current ratio of 1.33. The firm has a market cap of C$506.00 million, a P/E ratio of -9.62 and a beta of 1.65. The stock’s 50-day moving average is C$4.42 and its 200 day moving average is C$5.01.

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.