Trilogy Metals (NYSEAMERICAN:TMQ) Releases Quarterly Earnings Results

Trilogy Metals (NYSEAMERICAN:TMQ) released its quarterly earnings results on Friday. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01), Zacks reports.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ opened at $0.55 on Monday. The company has a market cap of $88.75 million, a PE ratio of -6.91 and a beta of 1.42. Trilogy Metals has a 12-month low of $0.25 and a 12-month high of $0.61.

Analyst Ratings Changes

Separately, TD Securities downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday.

Insider Activity at Trilogy Metals

In related news, CFO Elaine Sanders sold 53,454 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $0.49, for a total value of $26,192.46. Following the completion of the sale, the chief financial officer now directly owns 2,503,107 shares in the company, valued at $1,226,522.43. The sale was disclosed in a filing with the SEC, which is available at this link. 8.40% 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.