Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s share 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 $0.67. Trilogy Metals shares last traded at $0.65, with a volume of 384,999 shares trading hands.
Analyst Upgrades and Downgrades
Separately, TD Securities downgraded shares of Trilogy Metals from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 11th.
Check Out Our Latest Stock Analysis on Trilogy Metals
Trilogy Metals Stock Performance
The firm has a market cap of $104.39 million, a P/E ratio of -10.84 and a beta of 1.38.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). On average, equities analysts expect that Trilogy Metals Inc. will post -0.04 EPS for the current year.
Institutional Investors Weigh In On Trilogy Metals
Several hedge funds have recently made changes to their positions in the company. TSP Capital Management Group LLC lifted its position in shares of 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 worth $2,514,000 after purchasing an additional 245,000 shares during the period. Tidal Investments LLC bought a new position in Trilogy Metals in the first quarter worth approximately $525,000. Virtu Financial LLC lifted its holdings in Trilogy Metals by 301.1% during the first quarter. Virtu Financial LLC now owns 186,226 shares of the mining company's stock worth $93,000 after buying an additional 139,798 shares during the period. Finally, Old West Investment Management LLC boosted its position in Trilogy Metals by 54.6% during the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company's stock valued at $1,549,000 after acquiring an additional 1,094,842 shares in the last quarter. 16.75% of the stock is currently owned by hedge funds and other institutional investors.
About Trilogy Metals
(
Get Free Report)
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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