Trilogy Metals (TSE:TMQ) Trading Down 31.4%

Shares of Trilogy Metals Inc. (TSE:TMQ) dropped 31.4% on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.48. Approximately 111,647 shares were traded during trading, an increase of 427% from the average daily volume of 21,173 shares. The stock had previously closed at C$0.70.

Analysts Set New Price Targets

Separately, National Bankshares lowered their price objective on Trilogy Metals from C$1.00 to C$0.75 and set a “sector perform” rating on the stock in a research report on Monday, January 8th.

Trilogy Metals Stock Down 30.0 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 6.20 and a quick ratio of 5.25. The company has a market cap of C$78.28 million, a P/E ratio of -5.00 and a beta of 1.09. The stock has a 50-day moving average of C$0.64 and a 200 day moving average of C$0.63.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings results on Friday, February 9th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). Research analysts anticipate that Trilogy Metals Inc. will post -0.07 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Elaine Sanders sold 56,885 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of C$0.46, for a total value of C$26,195.54. Over the last quarter, insiders have sold 72,351 shares of company stock worth $33,085. Company insiders own 17.12% of the company’s stock.

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.