Trilogy Metals Inc (NYSEAMERICAN:TMQ) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 816,155 shares, a drop of 0.1% from the October 13th total of 817,323 shares. Based on an average daily volume of 148,686 shares, the days-to-cover ratio is currently 5.5 days. Currently, 1.2% of the company’s stock are short sold.
Separately, Fundamental Research initiated coverage on shares of Trilogy Metals in a report on Friday, September 29th. They issued a “top pick” rating and a $1.73 target price on the stock.
Shares of Trilogy Metals (TMQ) traded down $0.02 on Tuesday, reaching $0.96. 153,933 shares of the company’s stock traded hands, compared to its average volume of 182,867. Trilogy Metals has a 12 month low of $0.44 and a 12 month high of $1.35.
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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