Trilogy Metals Inc’s recent filing unveils that its VP & CFO Sanders Elaine unloaded Company’s shares for reported $76130.0 on Jun 03 ’24. In the deal valued at $0.50 per share,152,259 shares were sold. As a result of this transaction, Sanders Elaine now holds 2,650,848 shares worth roughly $2.84 million.
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Then, Sanders Elaine sold 94,287 shares, generating $47,144 in total proceeds. Upon selling the shares at $0.50, the VP & CFO now owns 2,556,561 shares.
Before that, Sanders Elaine sold 53,454 shares. Trilogy Metals Inc shares valued at $26,192 were divested by the VP & CFO at a price of $0.49 per share. As a result of the transaction, Sanders Elaine now holds 2,503,107 shares, worth roughly $2.68 million.
TD Securities downgraded its Trilogy Metals Inc [TMQ] rating to a Hold from a a Speculative buy in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who increased its forecast for the stock in late December from “a Hold” to “a Speculative buy”. Scotiabank began covering TMQ with “Sector perform” recommendation on December 17, 2021. BMO Capital Markets started covering the stock on May 13, 2020. It rated TMQ as “an Outperform”.
Price Performance Review of TMQ
On Tuesday, Trilogy Metals Inc [AMEX:TMQ] saw its stock fall -3.60% to $1.07. Over the last five days, the stock has lost -18.94%. Trilogy Metals Inc shares have risen nearly 148.84% since the year began. Nevertheless, the stocks have risen 145.41% over the past one year. While a 52-week high of $1.40 was reached on 11/22/24, a 52-week low of $0.25 was recorded on 04/17/24. SMA at 50 days reached $0.7784, while 200 days put it at $0.5716.
Levels Of Support And Resistance For TMQ Stock
The 24-hour chart illustrates a support level at 1.0400, which if violated will result in even more drops to 1.0100. On the upside, there is a resistance level at 1.1200. A further resistance level may holdings at 1.1700. The Relative Strength Index (RSI) on the 14-day chart is 52.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0587, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.09%. Stochastics %K at 46.14% indicates the stock is a holding.
How much short interest is there in Trilogy Metals Inc?
A steep rise in short interest was recorded in Trilogy Metals Inc stocks on 2024-11-15, growing by 2.2 million shares to a total of 2.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.22 million shares. There was a rise of 91.02%, which implies that there is a positive sentiment for the stock.
