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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $0.54. Trilogy Metals shares last traded at $0.54, with a volume of 46,277 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered Trilogy Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 11th.

Trilogy Metals Trading Up 2.2 %

The company has a market capitalization of $86.70 million, a PE ratio of -6.75 and a beta of 1.42.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings data on Friday, July 12th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Equities research analysts forecast that Trilogy Metals Inc. will post -0.04 earnings per share for the current fiscal year.

Insider Activity at Trilogy Metals

In other Trilogy Metals news, CFO Elaine Sanders sold 152,259 shares of the firm's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $0.50, for a total value of $76,129.50. Following the completion of the sale, the chief financial officer now owns 2,650,848 shares in the company, valued at approximately $1,325,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.40% of the company's stock.

Institutional Investors Weigh In On Trilogy Metals

Large investors have recently modified their holdings of the stock. Old West Investment Management LLC grew its holdings in shares of Trilogy Metals by 54.6% in the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company's stock worth $1,549,000 after purchasing an additional 1,094,842 shares during the last quarter. Tidal Investments LLC bought a new stake in Trilogy Metals during the first quarter worth about $525,000. TSP Capital Management Group LLC increased its holdings in shares of Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company's stock worth $2,514,000 after buying an additional 245,000 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Trilogy Metals by 301.1% in the first quarter. Virtu Financial LLC now owns 186,226 shares of the mining company's stock valued at $93,000 after acquiring an additional 139,798 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Trilogy Metals by 3.0% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company's stock worth $721,000 after acquiring an additional 47,310 shares in the last quarter. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Company Profile

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.