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&P 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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool