Old West Investment Management LLC raised its position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 152.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,830,209 shares of the mining company's stock after buying an additional 4,731,278 shares during the quarter. Trilogy Metals accounts for 1.5% of Old West Investment Management LLC's holdings, making the stock its 21st biggest holding. Old West Investment Management LLC owned 4.87% of Trilogy Metals worth $3,915,000 at the end of the most recent reporting period.
Separately, Wexford Capital LP lifted its position in shares of Trilogy Metals by 90.2% during the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company's stock valued at $2,214,000 after acquiring an additional 2,169,593 shares during the period. 16.75% of the stock is currently owned by hedge funds and other institutional investors.
Trilogy Metals Stock Performance
Shares of TMQ stock traded up $0.16 during trading hours on Wednesday, reaching $1.20. The company's stock had a trading volume of 1,371,171 shares, compared to its average volume of 640,787. Trilogy Metals Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $1.40. The company has a market cap of $193.08 million, a PE ratio of -20.00 and a beta of 1.58.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). On average, equities analysts predict that Trilogy Metals Inc. will post -0.04 EPS for the current fiscal year.
Trilogy Metals Company Profile
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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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