Trilogy Metals Inc. (TSE:TMQ – Get Free Report) insider Olav Langelaar bought 5,000 shares of Trilogy Metals stock in a transaction dated Thursday, July 9th. The shares were bought at an average cost of C$4.56 per share, for a total transaction of C$22,800.00. Following the completion of the transaction, the insider owned 22,000 shares of the company’s stock, valued at approximately C$100,320. This trade represents a 29.41% increase in their position.
Trilogy Metals Trading Down 0.7%
Shares of TSE TMQ traded down C$0.03 during trading hours on Friday, reaching C$4.57. The stock had a trading volume of 145,070 shares, compared to its average volume of 451,649. Trilogy Metals Inc. has a 52-week low of C$1.96 and a 52-week high of C$15.21. The firm has a market cap of C$788.54 million, a price-to-earnings ratio of -15.23 and a beta of 1.50. The business’s fifty day moving average price is C$5.52 and its two-hundred day moving average price is C$5.93. The company has a current ratio of 1.11, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial raised shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Monday, April 6th. Finally, National Bank Financial reduced their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research note 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$7.00.
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.
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