Trilogy Metals (TSE:TMQ) Stock Price Up 6.8% – Time to Buy?

Trilogy Metals Inc. (TSE:TMQ) rose 6.8% during trading on Thursday . The stock traded as high as C$0.83 and last traded at C$0.78. Approximately 55,000 shares traded hands during mid-day trading, an increase of 145% from the average daily volume of 22,452 shares. The stock had previously closed at C$0.73.

Analyst Upgrades and Downgrades

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

Trilogy Metals Price Performance

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 company has a market cap of C$125.23 million, a PE ratio of -7.09 and a beta of 1.33. The firm has a 50 day moving average of C$0.69 and a two-hundred day moving average of C$0.69.

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.