Trilogy Metals Inc (NYSE:TMQ) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 908,706 shares, an increase of 4.7% from the August 15th total of 867,898 shares. Based on an average daily volume of 140,052 shares, the days-to-cover ratio is currently 6.5 days. Currently, 1.4% of the shares of the company are short sold.
Separately, Roth Capital began coverage on shares of Trilogy Metals in a research note on Monday, June 12th. They issued a “buy” rating and a $1.50 price objective on the stock.
Trilogy Metals (TMQ) traded up 2.04% on Tuesday, reaching $1.00. 257,092 shares of the company’s stock were exchanged. Trilogy Metals has a 1-year low of $0.41 and a 1-year high of $1.35. The stock’s 50 day moving average price is $1.08 and its 200 day moving average price is $0.74. The firm’s market capitalization is $105.55 million.
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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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