TMQ
Trilogy Metals Inc.
NYSE AmericanUSDEQUITY
Basic Materials
DELAYED
Sell
-39/100
Last price
2.98
▼ 0.06 (1.97%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
2.98
Prev close
3.04
Day high
3.10
Day low
2.92
Volume
1.47M
Market cap
$538.64M
P/E (TTM)
—
52W range
2.81 – 11.29
Day trading desk
Gap from prior close
-1.97%
Prior close 3.04
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
0.34%
2.97 – 2.98
Position in range
100%
Near session high
ATR (14D)
0.15
4.89% of price
Prior day high
3.18
PDH
Prior day low
3.00
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 1.32M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-4.19%
-6.1%
1M
-10.00%
-11.2%
3M
-5.41%
-9.9%
6M
-21.84%
-40.0%
YTD
-31.09%
-45.3%
1Y
+42.79%
+26.4%
3Y
+506.12%
+423.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TMQ open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
23.81M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 28, 26 | SOUTH32 LTD. Beneficial Owner of more than 10% of a Class of Security |
SELL | 8.22M | $29.74M | Indirect |
| May 8, 26 | HENSLEY WILLIAM L. IGGIAGRUK Director |
SELL | 50.00K | $222.00K | Direct |
| May 8, 26 | HENSLEY WILLIAM L. IGGIAGRUK Director |
CONVERSION | 50.00K | $28.50K | Direct |
| Apr 23, 26 | WALTERS DIANA J Director |
CONVERSION | 50.00K | $80.50K | Direct |
| Feb 26, 26 | HENSLEY WILLIAM L. IGGIAGRUK Director |
SELL | 25.11K | $110.47K | Direct |
| Dec 26, 25 | KAPLAN THOMAS SCOTT Beneficial Owner of more than 10% of a Class of Security |
STOCK | 957.07K | $0 | |
| Dec 11, 25 | SANDERS ELAINE Chief Financial Officer |
— | 15.00K | — | Direct |
| Dec 11, 25 | GIARDINI TONY S Chief Executive Officer |
— | 60.00K | — | Direct |
| Dec 5, 25 | LANG GREGORY A Director |
STOCK | 45.00K | $0 | Direct |
| Dec 5, 25 | LANG GREGORY A Director |
SELL | 70.00K | $333.10K | Direct |
| Dec 5, 25 | LANG GREGORY A Director |
CONVERSION | 50.00K | $91.00K | Direct |
| Dec 5, 25 | SANDERS ELAINE Chief Financial Officer |
— | 183.33K | — | Direct |
| Dec 5, 25 | GIARDINI TONY S Chief Executive Officer |
— | 366.67K | — | Direct |
| Oct 16, 25 | GOWANS JAMES K Director |
SELL | 100.00K | $750.00K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GIARDINI TONY S |
Chief Executive Officer | 8.76M | Conversion of Exercise of derivative security |
GOWANS JAMES K |
Director | 234.05K | Sale |
HAYDEN WILLIAM BECKWITH |
Director | 382.69K | Sale |
HENSLEY WILLIAM L. IGGIAGRUK |
Director | 18.53K | Sale |
KAPLAN THOMAS SCOTT |
Beneficial Owner of more than 10% of a Class of Security | — | Stock Gift |
LANG GREGORY A |
Director | 287.00K | Stock Gift |
SANDERS ELAINE |
Chief Financial Officer | 3.35M | Conversion of Exercise of derivative security |
SOUTH32 LTD. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
STAIRS JANICE ALAYNE |
Director | 508.61K | Sale |
WALTERS DIANA J |
Director | 101.30K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$538.64M
Enterprise value$507.18M
Revenue (TTM)—
Gross profit—
EBITDA—
Net income$-47.86M
EPS (TTM)$-0.29
Free cash flow$20.70M
Total cash$31.55M
Total debt$81.00K
Book value / share$0.67
Shares outstanding181.36M
Float123.33M
Short % of float6.35%
Dividend yield0.00%
Beta (5Y)1.69
Valuation & profitability ratios
Trailing P/E—
Forward P/E-49.79
PEG ratio—
Price / sales—
Price / book4.43
EV / revenue—
EV / EBITDA—
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity-38.99%
Return on assets-5.58%
Debt / equity0.07
Current ratio1.33
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | $0 | — |
| Cost of revenue | $0 | $4.00K | $8.00K | $17.00K | -100.0% |
| Gross profit | $0 | -$4.00K | -$8.00K | -$17.00K | +100.0% |
| Selling, general & admin | $9.11M | $6.59M | $7.04M | $6.70M | +38.3% |
| Total operating expense | $9.44M | $6.70M | $7.21M | $6.93M | +41.0% |
| Operating income | -$9.44M | -$6.70M | -$7.22M | -$6.94M | -40.9% |
| Net interest income | $1.16M | $748.00K | $120.00K | $34.00K | +54.8% |
| Pre-tax income | -$42.24M | -$8.59M | -$14.95M | -$24.26M | -391.9% |
| Net income | -$42.24M | -$8.59M | -$14.95M | -$24.26M | -391.9% |
| Net income to common | -$42.24M | -$8.59M | -$14.95M | -$24.26M | -391.9% |
| Basic EPS | -0.26 | -0.05 | -0.10 | -0.17 | -420.0% |
| Diluted EPS | -0.26 | -0.05 | -0.10 | -0.17 | -420.0% |
| EBIT | -$9.44M | -$6.70M | -$7.22M | -$6.94M | -40.9% |
| EBITDA | -$9.44M | -$6.70M | -$7.21M | -$6.93M | -41.0% |
| Basic shares | 164.82M | 159.83M | 152.65M | 145.72M | +3.1% |
| Diluted shares | 164.82M | 159.83M | 152.65M | 145.72M | +3.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $51.61M | $25.83M | $2.59M | $2.57M | +99.8% |
| Cash & short-term investments | $51.61M | $25.83M | $2.59M | $2.57M | +99.8% |
| Accounts receivable | $118.00K | $16.00K | $33.00K | $17.00K | +637.5% |
| Total current assets | $51.92M | $26.05M | $2.88M | $2.91M | +99.4% |
| Property, plant & equipment | $117.00K | $155.00K | $117.00K | $331.00K | -24.5% |
| Total assets | $157.30M | $133.70M | $138.02M | $146.00M | +17.7% |
| Total current liabilities | $33.11M | $793.00K | $465.00K | $534.00K | +4,075.7% |
| Total debt | $111.00K | $147.00K | $33.00K | $222.00K | -24.5% |
| Total liabilities | $33.18M | $903.00K | $465.00K | $567.00K | +3,574.8% |
| Retained earnings | -$132.64M | -$90.40M | -$81.81M | -$66.86M | -46.7% |
| Shareholder equity | $124.12M | $132.79M | $137.56M | $145.43M | -6.5% |
| Working capital | $18.81M | $25.25M | $2.42M | $2.38M | -25.5% |
| Net tangible assets | $124.12M | $132.79M | $137.56M | $145.43M | -6.5% |
| Shares issued | 171.07M | 161.09M | 155.93M | 146.23M | +6.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$42.24M | -$8.59M | -$14.95M | -$24.26M | — | -391.9% |
| Depreciation & amortisation | $0 | $4.00K | $8.00K | $17.00K | — | -100.0% |
| Stock-based compensation | $3.34M | $3.52M | $3.89M | $3.43M | — | -5.2% |
| Change in working capital | $1.67M | $405.00K | -$19.00K | -$568.00K | — | +311.1% |
| Operating cash flow | -$3.25M | -$1.83M | -$3.09M | -$3.94M | — | -77.7% |
| Capital expenditure | — | — | — | — | -$119.00K | — |
| Investing cash flow | -$1.00M | $25.00M | $0 | $142.00K | — | -104.0% |
| Financing cash flow | $30.01M | $74.00K | $3.12M | $54.00K | — | +40,454.1% |
| Free cash flow | -$3.25M | -$1.83M | -$3.09M | -$3.94M | — | -77.7% |
| End cash position | $51.61M | $25.83M | $2.59M | $2.57M | — | +99.8% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Operating revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Cost of revenue | — | — | $0 | $0 | $0 | $0 | — |
| Gross profit | — | — | $0 | $0 | $0 | $0 | — |
| Selling, general & admin | $2.08M | $4.59M | $3.15M | $1.08M | $1.65M | — | -54.7% |
| Total operating expense | $2.13M | $4.68M | $3.37M | $1.16M | $1.67M | — | -54.5% |
| Operating income | -$2.13M | -$4.68M | -$3.37M | -$1.16M | -$1.67M | — | +54.5% |
| Net interest income | $410.00K | $419.00K | $417.00K | $311.00K | $253.00K | — | -2.1% |
| Pre-tax income | -$6.34M | -$7.06M | -$34.69M | -$1.75M | -$2.18M | — | +10.2% |
| Net income | -$6.34M | -$7.06M | -$34.69M | -$1.75M | -$2.18M | — | +10.2% |
| Net income to common | -$6.34M | -$7.06M | -$34.69M | -$1.75M | -$2.18M | — | +10.2% |
| Basic EPS | -0.04 | -0.04 | — | -0.01 | -0.01 | -0.02 | 0.0% |
| Diluted EPS | -0.04 | -0.04 | — | -0.01 | -0.01 | -0.02 | 0.0% |
| EBIT | -$2.13M | -$4.68M | -$3.37M | -$1.16M | -$1.67M | — | +54.5% |
| EBITDA | -$2.13M | -$4.68M | -$3.37M | -$1.16M | -$1.67M | — | +54.5% |
| Basic shares | 172.61M | 171.94M | — | 164.26M | 164.20M | 162.83M | +0.4% |
| Diluted shares | 172.61M | 171.94M | — | 164.26M | 164.20M | 162.83M | +0.4% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $38.84M | $47.78M | $51.61M | $23.37M | $24.62M | -18.7% |
| Cash & short-term investments | $38.84M | $47.78M | $51.61M | $23.37M | $24.62M | -18.7% |
| Accounts receivable | $106.00K | $112.00K | $118.00K | $17.00K | $20.00K | -5.4% |
| Total current assets | $39.01M | $48.02M | $51.92M | $23.73M | $24.70M | -18.8% |
| Property, plant & equipment | $96.00K | $106.00K | $117.00K | $126.00K | $136.00K | -9.4% |
| Total assets | $151.19M | $154.54M | $157.30M | $129.12M | $130.98M | -2.2% |
| Total current liabilities | $35.22M | $33.00M | $33.11M | $373.00K | $874.00K | +6.7% |
| Total debt | $92.00K | $103.00K | $111.00K | $122.00K | $132.00K | -10.7% |
| Total liabilities | $35.27M | $33.06M | $33.18M | $455.00K | $967.00K | +6.7% |
| Retained earnings | -$146.05M | -$139.70M | -$132.64M | -$97.95M | -$96.20M | -4.5% |
| Shareholder equity | $115.92M | $121.48M | $124.12M | $128.66M | $130.02M | -4.6% |
| Working capital | $3.79M | $15.02M | $18.81M | $23.36M | $23.82M | -74.8% |
| Net tangible assets | $115.92M | $121.48M | $124.12M | $128.66M | $130.02M | -4.6% |
| Shares issued | 172.75M | 172.55M | 171.07M | 164.29M | 164.24M | +0.1% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$6.34M | -$7.06M | -$34.69M | -$1.75M | -$2.18M | — | +10.2% |
| Depreciation & amortisation | — | — | $0 | $0 | $0 | $0 | — |
| Stock-based compensation | $674.00K | $3.10M | $365.00K | $374.00K | $367.00K | — | -78.2% |
| Change in working capital | $7.00K | -$1.55M | $2.04M | -$784.00K | $371.00K | — | +100.5% |
| Operating cash flow | -$1.04M | -$2.74M | -$558.00K | -$1.26M | -$677.00K | — | +62.1% |
| Investing cash flow | -$8.00M | -$2.50M | -$1.00M | $0 | $0 | — | -220.0% |
| Financing cash flow | $110.00K | $1.33M | $29.79M | $22.00K | $71.00K | — | -91.7% |
| Free cash flow | -$1.04M | -$2.74M | -$558.00K | -$1.26M | -$677.00K | — | +62.1% |
| End cash position | $38.84M | $47.78M | $51.61M | $23.37M | $24.62M | — | -18.7% |
Options analytics
Put / call volume
0.38
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-66.3% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
-3.1%
Calls bid over puts
Call volume
152
Contracts, this expiry
Put volume
58
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
1.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Aug 2026 | -0.04 | -0.09 | -122.2% |
| May 2026 | -0.03 | -0.04 | -29.8% |
| Feb 2026 | -0.03 | -0.04 | -60.5% |
| Nov 2025 | -0.01 | -0.29 | -1,944.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.03 | 1 | $0 | — |
| Next quarter | -0.01 | 2 | $0 | — |
| Current year | -0.13 | 2 | $0 | 0.0% |
| Next year | -0.09 | 2 | $0 | 0.0% |
Analyst targets & ownership
Mean target$6.52
High target$9.85
Low target$4.24
Implied upside118.92%
Analyst count3
ConsensusBUY
Strong buy / Buy1 / 2
Hold3
Sell / Strong sell0 / 0
Held by insiders13.13%
Held by institutions38.78%
Institutions holding184
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
3.13
-4.73% from price
SMA 20
3.21
-7.43% from price
SMA 50
3.42
-13.08% from price
SMA 100
3.55
-16.05% from price
SMA 200
4.01
-26.00% from price
EMA 12
3.13
-4.89% from price
EMA 26
3.25
-8.20% from price
EMA 50
3.36
-11.24% from price
RSI (14)
34.9
Neutral
MACD (12,26,9)
-0.11
Hist -0.02
ATR (14)
0.15
4.91% of price
Realised vol 30D
47.2%
Annualised
Bollinger upper
3.47
20, 2σ
Bollinger lower
2.95
20, 2σ
50 / 200 cross
Death
3.42 vs 4.01
Trend bias
Below 200
-26.00%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.96
More volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
47.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-72.5%
Peak to trough
Max drawdown 5Y
-83.9%
Peak to trough
ATR 14
0.15
4.91% of price
Beta (reported)
1.69
5Y monthly, from filing
Short interest
Shares short
7.45M
Prior 7.14M
Change vs prior
+4.4%
Shorts adding
% of float
6.35%
Normal
% of shares out
4.11%
Against total outstanding
Days to cover
6.1
Crowded exit
Float
123.33M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 16, 21 | Roth Capital | MAINTAINED | — | Buy |
| Jan 10, 20 | TD Securities | DOWNGRADE | Speculative Buy | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-10-02
Corporate Changes & Voting Matters
8-K · 2026-09-21
Corporate Changes & Voting Matters
8-K · 2026-09-14
Corporate Changes & Voting Matters
8-K · 2026-09-10
Corporate Changes & Voting Matters
8-K · 2026-08-31
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-07-16
Corporate Changes & Voting Matters
8-K · 2026-07-08
Headlines
Nasdaq Hits Fresh Highs While Dow Slips and Small Caps Struggle for Direction
CNW Group · 2d ago
Nasdaq Hits Fresh Ground on Chip and Software Strength as Dow, Small Caps Lag for the Week
CNW Group · 4d ago
Trilogy Metals Q3 Net Loss Per Share Narrows
MT Newswires · 5d ago
Trilogy Metals Reports Third Quarter Fiscal 2026 Financial Results
PR Newswire · 5d ago
Trilogy Metals Reports Third Quarter Fiscal 2026 Financial Results
CNW Group · 5d ago
Can the Blacksburg Facility Fuel USA Rare Earth's Long-Term Growth?
Zacks · 13d ago
Trilogy Metals Announces Publication of Notice of Intent by U.S. Army Corps of Engineers for Alaska's High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project
CNW Group · 16d ago
Trilogy Metals Announces Publication of Notice of Intent by U.S. Army Corps of Engineers for Alaska's High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project
PR Newswire · 16d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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