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Trilogy Metals Inc.

TMQ Basic Materials Precious Metals
$2.09
▼ -6.3% Today
as of Oct 23, 09:52 ET
Last 30 days -34.78% Sep 14 → Oct 23
$1.99 $2.38 $2.76 $3.15 $3.54 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$2.20
High
$2.20
Low
$2.11
Volume
$1M
Avg Vol
$3M
Mkt Cap
$529M
P/E (TTM)
—
Beta
—
52w High
$7.25
52w Low
$2.11
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 15 items

Oct 21 · 12:40 MT Newswires
Trilogy Metals Reports Completion of 2026 Summer Field Program at Upper Kobuk Mineral Projects
Oct 21 · 10:30 PR PR Newswire
Trilogy Metals Announces Completion of 2026 Field Program at the Upper Kobuk Mineral Projects, Appointment of David Thomas as Senior Vice President, Project Development of Ambler Metals
Oct 21 · 10:30 CNW Group
Trilogy Metals Announces Completion of 2026 Field Program at the Upper Kobuk Mineral Projects, Appointment of David Thomas as Senior Vice President, Project Development of Ambler Metals
▸ Show all 15 press releases & news Free account →

TMQ earnings at a glance

The options market is pricing a move of about ±11.5% after the report, a range of roughly $1.85 to $2.33 from today's $2.09. Over its last 5 reports the stock rose the next day 3 times and fell 2, moving ±6.8% on average; after the most recent report on Jul 9, 2026 it moved -2.8%. That means options currently expect more movement than TMQ has typically delivered. TMQ beat the consensus EPS estimate in 0 of its last 5 reported quarters. Implied volatility is currently 97%. The share price of $2.09 sits near its 52-week low.

More Basic Materials stocks · All stocks · Earnings calendar

Overview

52-week range
$2.11
$7.25
0% of range
Avg surprise (last 5)
-200.0%
Avg reaction (last 5)
+0.7%
60% positive
Latest IV / EM
97%
EM ±11.5% · $3 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.57$-0.31$-0.04$0.22$0.49 Actual $-0.02Actual $-0.03Actual $-0.02Actual $-0.01Actual $-0.01Actual $-0.02Actual $-0.01Actual $-0.01Est $-0.01Actual $-0.01Est $-0.01Actual $-0.07Est $-0.01Actual $-0.03Est $-0.01Actual $-0.03Est $-0.01 MayAugFebMayAugFebMayMay/2025Aug/20258K8KMay/2026
Revenue vs Net Income Revenue Net income
$-7M$-5M$-3M$-2M$256,200 Feb 25May 25Aug 25Feb 26May 26Aug 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu Jul 9, 2026May/2026 $-0.03 $-0.01 -200.0% 0.0% -2.8% earnings
Thu Apr 2, 20268K 2026-04-02 $-0.03 $-0.01 -200.0% — +1.6% earnings
Tue Feb 17, 20268K 2026-02-17 $-0.07 $-0.01 -600.0% — -12.6% earnings
Tue Sep 30, 2025Aug/2025 $-0.01 $-0.01 0.0% — +8.6% earnings
Thu Jul 10, 2025May/2025 $-0.01 $-0.01 0.0% — +8.4% earnings
Sat May 31, 2025May 2025 $-0.01 — — — — financials
Fri Feb 28, 2025Feb 2025 $-0.02 — — — — financials
Sat Aug 31, 2024Aug 2024 $-0.01 — — — — financials
Fri May 31, 2024May 2024 $-0.01 — — — — financials
Thu Feb 29, 2024Feb 2024 $-0.02 — — — — financials
Thu Aug 31, 2023Aug 2023 $-0.03 — — — — financials
Wed May 31, 2023May 2023 $-0.02 — — — — financials
Tue Feb 28, 2023Feb 2023 $-0.03 — — — — financials

Financials

Income statement (quarterly)

MetricAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue————————
Cost of revenue————————
Gross profit————————
Operating income————————
Net income$244,000$-6M$-7M—$-2M$-2M$-4M—
EPS (diluted)—$-0.04$-0.04—$-0.01$-0.01$-0.02—

Balance sheet (quarterly)

MetricAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Cash & equivalents$31M$39M$48M$52M$23M$25M$25M$26M
Inventory————————
Total current assets$32M$39M$48M$52M$24M$25M$25M$26M
Total assets$141M$151M$155M$157M$129M$131M$132M$134M
Long-term debt————————
Total liabilities$24M$35M$33M$33M$455,000$967,000$800,000$903,000
Total equity$117M$116M$121M$124M$129M$130M$132M$133M

Implied volatility — last 90 days

65%164%262%360%459% Jun 08 — IV 86% · EM ±11.4%Jun 09 — IV 144% · EM ±18.0%Jun 10 — IV 130% · EM ±15.4%Jun 11 — IV 113% · EM ±12.5%Jun 12 — IV 81% · EM ±8.3%Jun 15 — IV 109% · EM ±7.9%Jun 16 — IV 107% · EM ±6.3%Jun 17 — IV 316% · EM ±13.2%Jun 19 — IV 101% · EM ±22.4%Jun 22 — IV 94% · EM ±19.6%Jun 23 — IV 103% · EM ±21.1%Jun 24 — IV 97% · EM ±19.5%Jun 25 — IV 90% · EM ±17.5%Jun 26 — IV 100% · EM ±19.1%Jun 29 — IV 129% · EM ±22.9%Jun 30 — IV 120% · EM ±20.7%Jul 01 — IV 211% · EM ±35.2%Jul 02 — IV 199% · EM ±32.3%Jul 03 — IV 206% · EM ±32.3%Jul 06 — IV 113% · EM ±15.6%Jul 07 — IV 111% · EM ±14.6%Jul 08 — IV 94% · EM ±11.8%Jul 09 — IV 98% · EM ±11.5%Jul 10 — IV 154% · EM ±17.0%Jul 13 — IV 151% · EM ±12.6%Jul 14 — IV 233% · EM ±16.8%Jul 15 — IV 211% · EM ±12.5%Jul 20 — IV 89% · EM ±20.9%Jul 21 — IV 84% · EM ±19.6%Jul 22 — IV 92% · EM ±21.2%Jul 23 — IV 95% · EM ±21.4%Jul 24 — IV 90% · EM ±19.9%Jul 27 — IV 87% · EM ±18.3%Jul 28 — IV 94% · EM ±19.2%Jul 29 — IV 86% · EM ±17.2%Jul 30 — IV 88% · EM ±17.3%Jul 31 — IV 93% · EM ±17.7%Aug 03 — IV 96% · EM ±16.9%Aug 04 — IV 110% · EM ±18.9%Aug 05 — IV 128% · EM ±21.3%Aug 06 — IV 99% · EM ±16.0%Aug 07 — IV 93% · EM ±14.5%Aug 10 — IV 88% · EM ±12.2%Aug 11 — IV 83% · EM ±11.0%Aug 12 — IV 96% · EM ±12.1%Aug 13 — IV 95% · EM ±11.2%Aug 14 — IV 135% · EM ±14.9%Aug 17 — IV 130% · EM ±10.8%Aug 18 — IV 327% · EM ±23.7%Aug 19 — IV 322% · EM ±19.0%Aug 20 — IV 459% · EM ±19.2%Aug 24 — IV 86% · EM ±18.0%Aug 25 — IV 80% · EM ±16.3%Aug 26 — IV 84% · EM ±16.8%Aug 27 — IV 87% · EM ±17.0%Aug 28 — IV 97% · EM ±18.5%Aug 31 — IV 102% · EM ±18.0%Sep 01 — IV 173% · EM ±29.9%Sep 02 — IV 181% · EM ±30.2%Sep 03 — IV 140% · EM ±22.7%Sep 04 — IV 145% · EM ±22.6%Sep 07 — IV 164% · EM ±22.7%Sep 08 — IV 237% · EM ±31.3%Sep 09 — IV 137% · EM ±17.1%Sep 10 — IV 202% · EM ±23.8%Sep 11 — IV 208% · EM ±22.9%Sep 14 — IV 167% · EM ±13.9%Sep 15 — IV 174% · EM ±12.6%Sep 16 — IV 160% · EM ±9.5%Sep 17 — IV 327% · EM ±13.6%Sep 21 — IV 79% · EM ±16.4%Sep 22 — IV 92% · EM ±18.9%Sep 23 — IV 81% · EM ±16.3%Sep 24 — IV 90% · EM ±17.7%Sep 25 — IV 76% · EM ±14.6%Sep 28 — IV 70% · EM ±12.5%Sep 29 — IV 80% · EM ±13.7%Sep 30 — IV 82% · EM ±13.7%Oct 01 — IV 66% · EM ±10.6%Oct 02 — IV 72% · EM ±11.3%Oct 06 — IV 76% · EM ±10.0%Oct 07 — IV 96% · EM ±12.1%Oct 08 — IV 97% · EM ±11.5%

Sector peers

ITRG
Integra Resources Corp.
$517M $2.23-6.9%
CTGO
Contango Silver & Gold Inc.
$563M $14.20-5.4%
NFGC
New Found Gold Corp
$587M $1.65-1.5%
CMCL
Caledonia Mining Corporation Plc
$460M $21.41-6.1%
IDR
Idaho Strategic Resources, Inc.
$447M $19.64-8.0%
URG
Ur Energy Inc
$438M $0.81-7.6%

TMQ earnings FAQ

What is TMQ's expected move for earnings?

Options currently price a move of about ±11.5%, or $0.24 per share either way from $2.09.

How does TMQ stock usually react to earnings?

Across the last 5 reports the average next-day move was ±6.8%, up 3 times and down 2 times.

What is TMQ's implied volatility?

TMQ's at-the-money implied volatility is about 97% based on the latest options snapshot.

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