Trilogy Metals (TSE:TMQ) Sets New 52-Week Low – Should You Sell?

Trilogy Metals Inc. (TSE:TMQ)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$3.28 and last traded at C$3.33, with a volume of 94,079 shares traded. The stock had previously closed at C$3.32.

Analyst Ratings Changes

Separately, Freedom Capital downgraded Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$7.75.

Trilogy Metals Trading Up 0.9%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.25 and a current ratio of 1.33. The stock has a market capitalization of C$607.56 million, a price-to-earnings ratio of -11.55 and a beta of 1.65. The business has a fifty day simple moving average of C$4.64 and a 200 day simple moving average of C$5.08.

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.