Trilogy Metals (TSE:TMQ) Shares Up 3.9% – Still a Buy?

Trilogy Metals Inc. (TSE:TMQ) was up 3.9% on Tuesday . The company traded as high as C$4.85 and last traded at C$4.85. Approximately 236,051 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 378,795 shares. The stock had previously closed at C$4.67.

Wall Street Analysts Forecast Growth

Separately, Freedom Capital lowered shares of Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$7.00.

Trilogy Metals Stock Up 3.9%

The firm’s 50 day moving average price is C$4.76 and its 200-day moving average price is C$5.20. The company has a current ratio of 1.11, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. The company has a market cap of C$837.82 million, a P/E ratio of -16.17 and a beta of 1.47.

About Trilogy Metals

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.