Trilogy Metals (TSE:TMQ) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$5.09 and traded as low as C$4.04. Trilogy Metals shares last traded at C$4.11, with a volume of 400,683 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on TMQ shares. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th. National Bank Financial decreased their price target on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$7.00.

Trilogy Metals Trading Down 2.0%

The company has a 50 day simple moving average of C$5.07 and a two-hundred day simple moving average of C$5.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.11. The firm has a market cap of C$754.90 million, a PE ratio of -14.57 and a beta of 1.50.

Insider Activity at Trilogy Metals

In related news, Director William L. 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 value of C$304,000.00. Following the sale, the director owned 18,531 shares in the company, valued at C$112,668.48. This represents a 72.96% decrease in their ownership of the stock. 17.86% of the stock is owned by company insiders.

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.