Pinnbrook Capital Management LP bought a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 529,958 shares of the mining company's stock, valued at approximately $615,000. Pinnbrook Capital Management LP owned approximately 0.33% of Trilogy Metals as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Virtu Financial LLC grew its stake in Trilogy Metals by 85.7% in the third quarter. Virtu Financial LLC now owns 133,678 shares of the mining company's stock worth $65,000 after purchasing an additional 61,683 shares in the last quarter. Wexford Capital LP raised its stake in Trilogy Metals by 90.2% during the third quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company's stock valued at $2,214,000 after buying an additional 2,169,593 shares in the last quarter. Finally, Old West Investment Management LLC lifted its holdings in Trilogy Metals by 152.7% during the 3rd quarter. Old West Investment Management LLC now owns 7,830,209 shares of the mining company's stock worth $3,915,000 after buying an additional 4,731,278 shares during the last quarter. Institutional investors and hedge funds own 16.75% of the company's stock.
Trilogy Metals Trading Up 12.8 %
Shares of NYSEAMERICAN TMQ traded up $0.19 during trading on Friday, reaching $1.68. The stock had a trading volume of 6,612,279 shares, compared to its average volume of 562,268. Trilogy Metals Inc. has a one year low of $0.25 and a one year high of $1.76. The company has a market capitalization of $271.20 million, a price-to-earnings ratio of -33.60 and a beta of 1.54.
About Trilogy Metals
(
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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