Trilogy Metals (TSE:TMQ) Hits New 52-Week High – Time to Buy?

Trilogy Metals Inc. (TSE:TMQ) reached a new 52-week high during trading on Thursday . The stock traded as high as C$1.93 and last traded at C$1.83, with a volume of 166864 shares. The stock had previously closed at C$1.60.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their target price on Trilogy Metals from C$0.75 to C$1.50 and gave the stock a “hold” rating in a report on Friday, November 15th.

Trilogy Metals Stock Performance

The company has a market capitalization of C$293.81 million, a price-to-earnings ratio of -16.64 and a beta of 1.33. The company has a 50 day moving average price of C$0.91 and a 200 day moving average price of C$0.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 30.42.

Trilogy Metals (TSE:TMQ) last announced its quarterly earnings data on Tuesday, October 8th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01). Equities research analysts predict that Trilogy Metals Inc. will post -0.07 earnings per share for the current fiscal year.

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.