Trilogy Metals Inc (TMQ) stock hits $1.79: Is it a good time to buy or wait for a dip?

Trilogy Metals Inc [TMQ] stock prices are up 10.49% to $1.79 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TMQ shares have gain 12.58% over the last week, with a monthly amount glided 20.13%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Trilogy Metals Inc [AMEX: TMQ] stock has seen the most recent analyst activity on February 24, 2022, when TD Securities downgraded its rating to a Hold. Previously, TD Securities upgraded its rating to Speculative Buy on December 23, 2021. On December 17, 2021, Scotiabank initiated with a Sector Perform rating. BMO Capital Markets started tracking the stock assigning a Outperform rating. TD Securities downgraded its rating to a Hold. In a note dated June 12, 2017, ROTH Capital initiated an Buy rating and provided a target price of $1.50 on this stock.

The stock price of Trilogy Metals Inc [TMQ] has been fluctuating between $0.25 and $1.76 over the past year. Trilogy Metals Inc [AMEX: TMQ] shares were valued at $1.79 at the most recent close of the market.

Analyzing the TMQ fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.06 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6633 points at the first support level, and at 1.5367 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8833, and for the 2nd resistance point, it is at 1.9767.

Ratios To Look Out For

It’s worth pointing out that Trilogy Metals Inc [AMEX:TMQ]’s Current Ratio is 32.84. Further, the Quick Ratio stands at 32.84, while the Cash Ratio is 32.58.

Transactions by insiders

Recent insider trading involved Sanders Elaine, VP & CFO, that happened on Jun 03 ’24 when 0.15 million shares were sold. VP & CFO, Sanders Elaine completed a deal on Jun 04 ’24 to sell 94287.0 shares. Meanwhile, VP & CFO Sanders Elaine sold 53454.0 shares on Jun 05 ’24.

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