Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,780,000 shares, an increase of 90.0% from the February 13th total of 936,800 shares. Based on an average daily volume of 456,900 shares, the short-interest ratio is currently 3.9 days. Approximately 1.8% of the company's stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Old West Investment Management LLC raised its holdings in Trilogy Metals by 152.7% in 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 purchasing an additional 4,731,278 shares during the period. Foursixthree Capital LP purchased a new position in shares of Trilogy Metals during the fourth quarter valued at about $2,954,000. Wexford Capital LP increased its holdings in shares of Trilogy Metals by 90.2% in the third quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company's stock worth $2,214,000 after purchasing an additional 2,169,593 shares during the last quarter. Sprott Inc. lifted its position in shares of Trilogy Metals by 64.9% in the fourth quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock worth $2,430,000 after buying an additional 824,071 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Trilogy Metals by 73.5% during the fourth quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock valued at $2,144,000 after buying an additional 782,929 shares during the last quarter. Institutional investors own 16.75% of the company's stock.
Trilogy Metals Trading Up 2.2 %
NYSEAMERICAN TMQ traded up $0.04 during mid-day trading on Wednesday, reaching $1.62. The stock had a trading volume of 169,567 shares, compared to its average volume of 479,247. The business's fifty day moving average price is $1.31. Trilogy Metals has a 1 year low of $0.25 and a 1 year high of $1.76. The firm has a market cap of $264.76 million, a PE ratio of -32.30 and a beta of 1.54.
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.
Further Reading
Before you consider Trilogy Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trilogy Metals wasn't on the list.
While Trilogy Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
