Why Did Trilogy Metals Stock Skyrocket 211% Today?
Shares of Trilogy Metals (NYSEMKT: TMQ) soared Tuesday, finishing the day up 211%. The jump came as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell by 0.4% and 0.7%, respectively.
The Trump administration announced it was taking a 10% equity stake in Trilogy Metals, a Canadian mining company, as part of its push to secure critical metal supply for the U.S.
Late Monday, the White House announced that it would take a $36.5 million stake in Trilogy Metals, making it a 10% owner in the company. The deal also includes warrants for additional shares that would increase its stake to 17.5% of the company.
Source Fool.com
Metals Exploration Aktie
0,15 €
7,35 %
