Trilogy Metals Inc (AMEX: TMQ) has experienced a decline in its stock price by -10.24 compared to its previous closing price of 1.27. However, the company has seen a gain of 12.87% in its stock price over the last five trading days. prnewswire.com reported 2024-10-08 that VANCOUVER, BC , Oct. 8, 2024 /PRNewswire/ – Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy Metals”, “Trilogy” or “the Company”) announces its financial results for the third quarter ended August 31, 2024. Details of the Company’s financial results are contained in the interim unaudited consolidated financial statements and Management’s Discussion and Analysis which will be available on the Company’s website at www.trilogymetals.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Is It Worth Investing in Trilogy Metals Inc (AMEX: TMQ) Right Now?
The 36-month beta value for TMQ is at 1.50. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TMQ is 98.75M, and currently, shorts hold a 0.22% of that float. The average trading volume for TMQ on November 21, 2024 was 1.61M shares.
TMQ’s Market Performance
TMQ’s stock has seen a 12.87% increase for the week, with a 85.37% rise in the past month and a 111.94% gain in the past quarter. The volatility ratio for the week is 18.75%, and the volatility levels for the past 30 days are at 14.94% for Trilogy Metals Inc The simple moving average for the past 20 days is 29.48% for TMQ’s stock, with a 110.82% simple moving average for the past 200 days.
TMQ Trading at 72.53% from the 50-Day Moving Average
After a stumble in the market that brought TMQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.29% of loss for the given period.
Volatility was left at 14.94%, however, over the last 30 days, the volatility rate increased by 18.75%, as shares surge +82.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +127.00% upper at present.
During the last 5 trading sessions, TMQ rose by +12.87%, which changed the moving average for the period of 200-days by +123.53% in comparison to the 20-day moving average, which settled at $0.8805. In addition, Trilogy Metals Inc saw 165.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TMQ starting from Sanders Elaine, who sale 152,259 shares at the price of $0.50 back on Jun 03 ’24. After this action, Sanders Elaine now owns 2,650,848 shares of Trilogy Metals Inc, valued at $76,130 using the latest closing price.
Sanders Elaine, the VP & CFO of Trilogy Metals Inc, sale 94,287 shares at $0.50 during a trade that took place back on Jun 04 ’24, which means that Sanders Elaine is holding 2,556,561 shares at $47,144 based on the most recent closing price.
Stock Fundamentals for TMQ
Current profitability levels for the company are sitting at:
- -532.98 for the present operating margin
- 0.5 for the gross margin
The net margin for Trilogy Metals Inc stands at -835.68. The total capital return value is set at -0.05. Equity return is now at value -7.29, with -7.26 for asset returns.
Currently, EBITDA for the company is -7.18 million with net debt to EBITDA at 4.08. When we switch over and look at the enterprise to sales, we see a ratio of 13272.8. The receivables turnover for the company is 1.49for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 60.98.
Conclusion
In conclusion, Trilogy Metals Inc (TMQ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
