Trilogy Metals (TSE:TMQ) Hits New 12-Month High – Here’s What Happened

Trilogy Metals Inc. (TSE:TMQ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$1.98 and last traded at C$1.87, with a volume of 59383 shares. The stock had previously closed at C$1.80.

Wall Street Analyst Weigh In

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

Trilogy Metals Stock Performance

The company has a quick ratio of 5.25, a current ratio of 30.42 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of C$1.64 and a 200-day simple moving average of C$1.10. The company has a market capitalization of C$330.73 million, a P/E ratio of -18.73 and a beta of 1.33.

About Trilogy Metals

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.