Trilogy Metals Inc (NYSEAMERICAN:TMQ) saw a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 890,679 shares, a growth of 3.0% from the December 15th total of 864,840 shares. Based on an average daily trading volume, of 1,261,823 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.3% of the shares of the company are short sold.
Trilogy Metals (NYSEAMERICAN TMQ) opened at $1.50 on Friday. The firm has a market cap of $162.75, a P/E ratio of 10.00 and a beta of 0.29. Trilogy Metals has a 1-year low of $0.45 and a 1-year high of $1.64.
In other Trilogy Metals news, CEO Nieuwenhuyse Rick Van purchased 1,159,096 shares of Trilogy Metals stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $0.83 per share, with a total value of $962,049.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of research firms have issued reports on TMQ. Zacks Investment Research lowered shares of Trilogy Metals from a “hold” rating to a “sell” rating in a research report on Thursday. Fundamental Research began coverage on shares of Trilogy Metals in a research report on Friday, September 29th. They set a “top pick” rating and a $1.73 price target for the company.
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Trilogy Metals Company Profile
Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.
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