Wexford Capital LP lifted its position in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 90.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,574,292 shares of the mining company's stock after buying an additional 2,169,593 shares during the quarter. Wexford Capital LP owned approximately 2.84% of Trilogy Metals worth $2,214,000 at the end of the most recent quarter.
Separately, Tidal Investments LLC purchased a new stake in Trilogy Metals in the first quarter valued at approximately $525,000. Hedge funds and other institutional investors own 16.75% of the company's stock.
Trilogy Metals Trading Up 5.9 %
Shares of TMQ stock traded up $0.06 during mid-day trading on Friday, reaching $1.08. The company's stock had a trading volume of 453,118 shares, compared to its average volume of 875,637. Trilogy Metals Inc. has a 12-month low of $0.25 and a 12-month high of $1.40. The company has a market cap of $173.77 million, a PE ratio of -18.00 and a beta of 1.59.
Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its earnings results on Wednesday, October 9th. The mining company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Equities research analysts expect that Trilogy Metals Inc. will post -0.04 EPS for the current fiscal year.
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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