Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trilogy Metals Inc shares valued at $76,130 were sold by Sanders Elaine on Jun 03 ’24. At $0.50 per share, Sanders Elaine sold 152,259 shares. The insider’s holdings dropped to 2,650,848 shares worth approximately $1.51 million following the completion of this transaction.
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Also, Sanders Elaine sold 94,287 shares, netting a total of over 47,144 in proceeds. Following the sale of shares at $0.50 each, the insider now holds 2,556,561 shares.
Before that, Sanders Elaine had sold 53,454 shares from its account. In a trade valued at $26,192, the VP & CFO traded Trilogy Metals Inc shares for $0.49 each. Upon closing the transaction, the insider’s holdings decreased to 53,454 shares, worth approximately $1.43 million.
As published in a research note from TD Securities on February 24, 2022, Trilogy Metals Inc [TMQ] has been rated down from a Speculative buy to a Hold. Analysts at TD Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Speculative buy”‘ outlook in a report released in late December. As of December 17, 2021, Scotiabank has initiated its “Sector perform” rating for TMQ. Earlier on May 13, 2020, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for TMQ stock.
Analyzing TMQ Stock Performance
During the last five days, there has been a surge of approximately 14.24%. Over the course of the year, Trilogy Metals Inc shares have jumped approximately 32.09%. Shares of the company reached a 52-week high of $0.7100 on 07/29/24 and a 52-week low of $0.2501 on 04/17/24. A 50-day SMA is recorded $0.5140, while a 200-day SMA reached $0.4981. Nevertheless, trading volume fell to 0.63 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Trilogy Metals Inc (TMQ)
According to the 24-hour chart, there is a support level at 0.5236, which, if violated, would cause prices to drop to 0.4793. In the upper region, resistance lies at 0.6088. The next price resistance is at 0.6497. RSI (Relative Strength Index) is 71.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0335, which suggests the price will decrease in the coming days. Percent R is at 27.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
