Trilogy Metals (TSE:TMQ) Trading Down 10.1%

Trilogy Metals Inc. (TSE:TMQ)’s stock price dropped 10.1% during trading on Wednesday . The stock traded as low as C$0.62 and last traded at C$0.62. Approximately 3,000 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 22,094 shares. The stock had previously closed at C$0.69.

Analysts Set New Price Targets

Separately, Raymond James downgraded Trilogy Metals from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$1.25 to C$1.00 in a research report on Tuesday, April 23rd.

Trilogy Metals Stock Down 10.1 %

The company has a market capitalization of C$99.31 million, a PE ratio of -5.17 and a beta of 1.16. The company’s fifty day moving average is C$0.63 and its 200-day moving average is C$0.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 4.64.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Wednesday, April 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). As a group, analysts predict that Trilogy Metals Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Elaine Sanders sold 53,454 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of C$0.49, for a total value of C$26,192.46. 18.33% of the stock is currently owned by company 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.