Trilogy Metals (TSE:TMQ) Shares Down 2.9%

Trilogy Metals Inc. (TSE:TMQ) shares traded down 2.9% on Tuesday . The company traded as low as C$0.67 and last traded at C$0.67. 24,487 shares traded hands during trading, an increase of 40% from the average session volume of 17,456 shares. The stock had previously closed at C$0.69.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their price target on shares of Trilogy Metals from C$1.00 to C$0.75 and set a “sector perform” rating on the stock in a report on Monday, January 8th.

Trilogy Metals Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 6.20 and a quick ratio of 5.25. The company has a market capitalization of C$107.03 million, a PE ratio of -4.79 and a beta of 1.09. The firm’s fifty day simple moving average is C$0.64 and its 200 day simple moving average is C$0.62.

Trilogy Metals (TSE:TMQ) last posted its quarterly earnings results on Friday, February 9th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01). On average, research analysts predict that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Insider Transactions at Trilogy Metals

In other news, Senior Officer Elaine Sanders sold 56,885 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of C$0.46, for a total transaction of C$26,195.54. Insiders have sold a total of 72,351 shares of company stock valued at $33,085 in the last ninety days. 17.12% of the stock is currently owned by corporate insiders.

About Trilogy Metals

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.