Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Passes Above 50-Day Moving Average of $0.00

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $0.42. Trilogy Metals shares last traded at $0.41, with a volume of 75,738 shares traded.

Trilogy Metals Stock Performance

The company has a market cap of $63.96 million, a PE ratio of -4.45 and a beta of 1.28.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its earnings results on Wednesday, April 3rd. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). As a group, analysts anticipate that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at Trilogy Metals

In related news, CFO Elaine Sanders sold 68,899 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $0.47, for a total value of $32,382.53. Following the completion of the sale, the chief financial officer now directly owns 2,792,868 shares of the company’s stock, valued at $1,312,647.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 74,549 shares of company stock valued at $34,932 in the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Trilogy Metals

Large investors have recently bought and sold shares of the business. TSP Capital Management Group LLC boosted its position in Trilogy Metals by 5.1% during the 1st quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock valued at $2,514,000 after acquiring an additional 245,000 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Trilogy Metals by 3.0% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock worth $721,000 after purchasing an additional 47,310 shares during the last quarter. Old West Investment Management LLC boosted its position in Trilogy Metals by 438.1% during the fourth quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock valued at $229,000 after purchasing an additional 434,352 shares in the last quarter. Finally, Fore Capital LLC grew its stake in Trilogy Metals by 100.0% in the third quarter. Fore Capital LLC now owns 200,000 shares of the mining company’s stock valued at $98,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 16.75% of the company’s stock.

About Trilogy Metals

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.