Zacks Investment Research Lowers Trilogy Metals (TMQ) to Sell

Zacks Investment Research lowered shares of Trilogy Metals (NYSEAMERICAN:TMQ) from a hold rating to a sell rating in a report issued on Thursday.

According to Zacks, “Trilogy Metals Inc. is a metal exploration company. It primarily explores for copper, zinc, lead, gold, silver and carbonate. The company’s project primarily consists of Ambler mining district located in northwestern Alaska. Trilogy Metals Inc., formerly known as NovaCopper Inc., is headquartered in Vancouver, Canada. “

Separately, Fundamental Research assumed coverage on shares of Trilogy Metals in a research note on Friday, September 29th. They set a top pick rating and a $1.73 price objective on the stock.

Trilogy Metals (NYSEAMERICAN:TMQ) opened at $1.50 on Thursday. Trilogy Metals has a 1-year low of $0.45 and a 1-year high of $1.64. The company has a market cap of $162.75, a P/E ratio of 10.00 and a beta of 0.29.

In other news, CEO Nieuwenhuyse Rick Van acquired 1,159,096 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were bought at an average price of $0.83 per share, for a total transaction of $962,049.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

An institutional investor recently bought a new position in Trilogy Metals stock. GMT Capital Corp acquired a new stake in shares of Trilogy Metals Inc (NYSEAMERICAN:TMQ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 664,006 shares of the mining company’s stock, valued at approximately $628,000. GMT Capital Corp owned 0.63% of Trilogy Metals as of its most recent SEC filing.

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About Trilogy Metals

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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