Trilogy Metals (TSE:TMQ) Share Price Passes Below 50-Day Moving Average of $0.77

Trilogy Metals Inc. (TSE:TMQ)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.77 and traded as low as C$0.66. Trilogy Metals shares last traded at C$0.66, with a volume of 1,602 shares.

Wall Street Analyst Weigh In

Separately, TD Securities downgraded shares of Trilogy Metals from a “buy” rating to a “hold” rating and set a C$0.75 price target for the company. in a report on Thursday, July 11th.

Trilogy Metals Trading Down 4.3 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.25 and a current ratio of 30.42. The stock has a market cap of C$105.96 million, a P/E ratio of -6.00 and a beta of 1.34. The stock has a 50-day moving average price of C$0.77 and a 200-day moving average price of C$0.69.

Trilogy Metals (TSE:TMQ) last announced its earnings results on Wednesday, July 10th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). On average, equities research analysts expect that Trilogy Metals Inc. will post -0.07 EPS for the current 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.