Trilogy Metals (TSE:TMQ) Hits New 52-Week High – What’s Next?

Trilogy Metals Inc. (TSE:TMQ) shares reached a new 52-week high on Thursday . The company traded as high as C$2.22 and last traded at C$2.11, with a volume of 69204 shares traded. The stock had previously closed at C$2.03.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TMQ shares. Raymond James increased their price objective on shares of Trilogy Metals from C$1.75 to C$2.00 in a research note on Tuesday. TD Securities increased their price target on Trilogy Metals from C$0.75 to C$1.50 and gave the stock a “hold” rating in a research note on Friday, November 15th.

Trilogy Metals Stock Performance

The stock has a market cap of C$247.74 million, a P/E ratio of -24.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 60.98 and a quick ratio of 5.25. The firm’s 50-day moving average price is C$1.72 and its 200-day moving average price is C$1.23.

Trilogy Metals Company Profile

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.