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

Trilogy Metals Inc. (TSE:TMQ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.98 and last traded at C$1.87, with a volume of 59383 shares changing hands. The stock had previously closed at C$1.80.

Analyst Upgrades and Downgrades

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

Trilogy Metals Stock Up 5.1 %

The business’s fifty day simple moving average is C$1.64 and its 200 day simple moving average is C$1.10. The company has a current ratio of 30.42, a quick ratio of 5.25 and a debt-to-equity ratio of 0.02. The stock has a market cap of C$330.73 million, a price-to-earnings ratio of -18.73 and a beta of 1.33.

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.