Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $0.53. Trilogy Metals shares last traded at $0.52, with a volume of 145,524 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities downgraded Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 11th.
Check Out Our Latest Report on TMQ
Trilogy Metals Stock Performance
The company has a market capitalization of $80.90 million, a price-to-earnings ratio of -6.30 and a beta of 1.39.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued its earnings results on Friday, July 12th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). Research analysts predict that Trilogy Metals Inc. will post -0.04 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC raised its position in shares of Trilogy Metals by 301.1% during the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company's stock worth $93,000 after purchasing an additional 139,798 shares during the last quarter. Old West Investment Management LLC increased its position in Trilogy Metals by 438.1% during the 4th quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company's stock worth $229,000 after purchasing an additional 434,352 shares in the last quarter. Tidal Investments LLC acquired a new position in Trilogy Metals in the 1st quarter valued at about $525,000. Goehring & Rozencwajg Associates LLC raised its stake in 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 valued at $721,000 after purchasing an additional 47,310 shares during the last quarter. Finally, TSP Capital Management Group LLC lifted its holdings in Trilogy Metals by 5.1% in 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 purchasing an additional 245,000 shares in the last quarter. Hedge funds and other institutional investors own 16.75% of the company's stock.
Trilogy Metals Company Profile
(
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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.
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