TMQ — Trilogy Metals Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates TMQ Bullish with a Setup Score of 49, net conviction 39, actionability 62. How the Setup Score works →

Total Setup Score49
Directional BiasBullish
Net Conviction39
Actionability62 (in range)

Key signals behind this score

About Trilogy Metals Inc

Trilogy Metals Inc. engages in the exploration and development of mineral properties in the United States. It primarily explores copper, cobalt, lead, zinc, gold, and silver properties. The company principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper-cobalt deposits covering an area of approximat… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$3.23
Market Cap$561M
Float108.0M
Shares Outstanding172.7M
vs. Analyst Target+120.1% to analyst PT
Dividend RateNone
Analyst Target Price$7.11 (6 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 N/A $162M -$1.5M -$11.5M
2021 N/A -$21.7M -$21,000 -$21.6M
2022 N/A -$24.3M -$17,000 -$24.2M
2023 N/A -$15.0M -$8,000 -$14.9M
2024 N/A -$8.6M -$4,000 -$8.6M
2025 N/A -$42.2M N/A -$42.2M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Aug 2025 N/A -$1.7M
Nov 2025 N/A -$34.7M
Feb 2026 N/A -$7.1M
May 2026 N/A -$6.3M

Ownership & Float

Insider Ownership18.5%
Institutional Ownership41.8%
Short Float6.6%
% of All Funds Holding1.67%
Number of Funds Holding137

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$3.89Near-term / short-term trend
Weekly40-Week SMA$4.38Medium-term trend
Weekly80-Week SMA$2.96Cyclical trend (business cycle)
Weekly200-Week SMA$1.53Secular trend (multi-year)
Monthly10-Month SMA$4.19Near-term monthly trend
Monthly20-Month SMA$2.84Medium-term monthly trend
Monthly40-Month SMA$1.70Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$2.20 support 8.80x 8 months ago
$1.70 support 1.09x 9 months ago
$0.70 support 7.04x 19 months ago
$0.40 support 1.23x 25 months ago

Historical Earnings Reactions (57 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.14% 0.00% 47.37% 4.69% -7.05%
1 Day -0.17% 0.00% 42.11% 10.91% -8.33%
1 Week 7.19% 2.92% 57.14% 187.28% -15.38%
2 Weeks 6.44% 0.36% 50.00% 211.40% -37.33%
1 Month 6.37% 2.15% 51.79% 114.71% -40.69%

Next earnings: September 26, 2026 (76 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan6.3%64.3%14
Feb-3.1%42.9%14
Mar2.1%57.1%14
Apr7.1%64.3%14
May-2.6%53.3%15
Jun-0.1%53.3%15
Jul2.6%50.0%14
Aug4.6%50.0%14
Sep-6.8%14.3%14
Oct9.5%57.1%14
Nov4.1%42.9%14
Dec-2.5%28.6%14

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.06% 38.7% 670
Tuesday 0.23% 38.6% 733
Wednesday 0.04% 40.4% 730
Thursday -0.05% 39.7% 718
Friday 0.34% 43.0% 716

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 41.8%

Insider Transactions — Smart Summary

Total insider ownership: 18.5%

12-Month Insider Activity Summary

Total Filings11
Net Value-$2.3M
Net Shares Change-128,794
% of Float-0.1%
C-Suite Filings1
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
Sanders Elaine VP & CFO -$2.3M 1 1 sell
Hayden William Beckwith -$1.4M 1 1 sell
Lang Gregory A. -$1.3M 2 3 sell
Hensley William L. Iggiagruk -$761,970.8 3 3 sell
Gowans James -$571,000 1 1 sell
WALTERS DIANA J -$522,000 1 1 sell
Stairs Janice -$152,056.709 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-10-10 – 2025-10-17 6 6 -$5.4M 1 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-12 Hensley William L. Iggiagruk -$193,500 Transaction at $2.51, now +28.9%
2025-09-03 Lang Gregory A. -$1.0M Transaction at $5.02, now -35.7%
2026-02-27 Hensley William L. Iggiagruk -$110,470.8 Transaction at $4.40, now -26.6%
2025-10-10 Hayden William Beckwith -$1.4M Transaction at $3.96, now -18.5%
2025-10-10 Stairs Janice -$152,056.709 Transaction at $4.18, now -22.7%
2025-10-10 Sanders Elaine VP & CFO -$2.3M Transaction at $4.33, now -25.4%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Trilogy Metals Inc (TMQ) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for TMQ on Trend Edge →