Olav Langelaar Buys 5,000 Shares of Trilogy Metals (TSE:TMQ) Stock

Trilogy Metals Inc. (TSE:TMQ) insider Olav Langelaar acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was purchased at an average price of C$4.56 per share, with a total value of C$22,800.00. Following the completion of the transaction, the insider directly owned 22,000 shares of the company’s stock, valued at C$100,320. This trade represents a 29.41% increase in their position.

Trilogy Metals Stock Down 0.7%

Shares of Trilogy Metals stock opened at C$4.57 on Friday. Trilogy Metals Inc. has a 12-month low of C$1.96 and a 12-month high of C$15.21. The company’s fifty day simple moving average is C$5.52 and its two-hundred day simple moving average is C$5.93. The company has a current ratio of 1.11, a quick ratio of 5.25 and a debt-to-equity ratio of 0.08. The company has a market cap of C$788.54 million, a P/E ratio of -15.23 and a beta of 1.50.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Freedom Capital upgraded Trilogy Metals to a “strong-buy” rating in a research note on Thursday, March 19th. National Bank Financial decreased their price target on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Finally, Raymond James Financial raised Trilogy Metals from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.00.

About Trilogy Metals

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.