Trilogy Metals Stock (TMQ): Why The Price Jumped Today

By Amit Chowdhry ● Dec 20, 2021
  • The stock price of Trilogy Metals Inc (NYSEAMERICAN: TMQ) increased by over 14% pre-market today. This is why it happened.

The stock price of Trilogy Metals Inc (NYSEAMERICAN: TMQ) increased by over 14% pre-market today. Investors are responding to a bullish research report.

Scotiabank analyst Eric Winmill had initiated coverage of Trilogy Metals with a “Sector Perform” rating and a C$3.50 price target. The 50% interest in Ambler Metals, which owns the Arctic and Bornite base and precious metals development projects in Alaska, is known as Trilogy’s flagship asset, according to Winmill. 

As Winmill views the Arctic project as highly compelling due to its attractive project economics, a mix of base and precious metals, strong financial backing, and strong support from local and multinational partners, the Sector Perform rating largely reflects uncertainty on the timing of the road construction needed for supporting full-scale mine production.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.