Trilogy Metals (TSE:TMQ) Shares Pass Below 50 Day Moving Average of $0.77

Trilogy Metals Inc. (TSE:TMQ)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Wall Street Analyst Weigh In

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

Trilogy Metals Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 30.42 and a quick ratio of 5.25. The stock has a market capitalization of C$105.96 million, a price-to-earnings ratio of -6.00 and a beta of 1.34. The company has a 50-day simple moving average of C$0.77 and a two-hundred day simple moving average of C$0.69.

Trilogy Metals (TSE:TMQ) last released its quarterly earnings data on Wednesday, July 10th. The company reported C($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.01). On average, equities research analysts predict that Trilogy Metals Inc. will post -0.07 earnings per share 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.