Trilogy Metals (TSE:TMQ) Reaches New 1-Year High – Here’s Why

Trilogy Metals Inc. (TSE:TMQ)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$2.65 and last traded at C$2.64, with a volume of 96222 shares. The stock had previously closed at C$2.33.

Wall Street Analysts Forecast Growth

Separately, Raymond James upped their target price on Trilogy Metals from C$1.75 to C$2.00 in a report on Tuesday, February 18th.

Trilogy Metals Stock Performance

The company has a market cap of C$291.86 million, a P/E ratio of -28.93 and a beta of 1.33. The company has a quick ratio of 5.25, a current ratio of 60.98 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is C$1.92 and its two-hundred day moving average is C$1.42.

About Trilogy Metals

Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States.