Trilogy Metals Inc. (NYSE:TMQ) is one of the stocks Jim Cramer put under the spotlight recently. Cramer noted that the stock is still up a lot for the year, despite a huge recent decline. He remarked:
“Next up is Trilogy Metals, up roughly 345% for the year, despite the fact that it’s come down from $11 to $5 over just the past eight days. Precious metals, rare earths, who knows? Trilogy’s got no sales, hasn’t in five years, has been losing money year after year after year after year.”
A stock market graph. Photo by energepic.com
Trilogy Metals Inc. (NYSE:TMQ) explores and develops mineral properties focused on copper, cobalt, zinc, gold, and silver. On October 21, a caller asked Cramer if they should hold or sell the stock. He replied:
“It is a parabolic move that’s just now declining. You gotta sell that.”
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Disclosure: None. This article is originally published at Insider Monkey.
