Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,450,000 shares, a decline of 19.9% from the November 30th total of 1,810,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 0.8 days.
Trilogy Metals Stock Down 5.9 %
Shares of Trilogy Metals stock traded down $0.07 on Friday, reaching $1.12. 316,454 shares of the stock were exchanged, compared to its average volume of 623,552. The company has a market capitalization of $180.42 million, a price-to-earnings ratio of -18.67 and a beta of 1.59. Trilogy Metals has a twelve month low of $0.25 and a twelve month high of $1.40.
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 for the quarter, hitting analysts' consensus estimates of ($0.01). Research analysts anticipate that Trilogy Metals will post -0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Trilogy Metals
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in shares of Trilogy Metals by 85.7% during the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company's stock worth $65,000 after acquiring an additional 61,683 shares in the last quarter. Old West Investment Management LLC raised its holdings in Trilogy Metals by 54.6% in the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company's stock worth $1,549,000 after purchasing an additional 1,094,842 shares during the period. Finally, Wexford Capital LP boosted its position 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 worth $2,214,000 after purchasing an additional 2,169,593 shares in the last quarter. Institutional investors and hedge funds own 16.75% of the company's stock.
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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