Trilogy Metals Inc (TMQ) stock is up 8.06% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TMQ Stock Today?
Trilogy Metals Inc (TMQ) stock is higher by 3.08% while the S&P 500 is lower by -2.42% as of 11:48 AM on Monday, Jun 29. TMQ is up $0.06 from the previous closing price of $1.95 on volume of 178,920 shares. Over the past year the S&P 500 is up 1.51% while TMQ is lower by -33.88%. TMQ earned $0.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.05.
To see the top 5 stocks in the Other Industrial Metals & Minerals industry click here.
More About Trilogy Metals Inc
Trilogy Metals Inc is a US-based exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has bornite carbonate-hosted copper project.
