Trilogy Metals (TSE:TMQ) Sets New 1-Year High – Still a Buy?

Trilogy Metals Inc. (TSE:TMQ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.22 and last traded at C$2.11, with a volume of 69204 shares traded. The stock had previously closed at C$2.03.

Wall Street Analysts Forecast Growth

TMQ has been the topic of a number of recent research reports. TD Securities lifted their price target on Trilogy Metals from C$0.75 to C$1.50 and gave the company a “hold” rating in a research note on Friday, November 15th. Raymond James boosted their price objective on shares of Trilogy Metals from C$1.75 to C$2.00 in a research note on Tuesday.

Trilogy Metals Price Performance

The firm has a market cap of C$251.14 million, a P/E ratio of -24.89 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 business’s 50 day moving average is C$1.75 and its two-hundred day moving average is C$1.25.

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.