Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.44 and traded as high as $1.61. Trilogy Metals shares last traded at $1.58, with a volume of 642,349 shares traded.
Analyst Ratings Changes
Separately, Raymond James reissued a "market perform" rating on shares of Trilogy Metals in a research note on Monday, March 24th.
Check Out Our Latest Analysis on TMQ
Trilogy Metals Price Performance
The stock has a market cap of $195.09 million, a P/E ratio of -23.80 and a beta of 1.54. The firm has a fifty day moving average price of $1.44.
Hedge Funds Weigh In On Trilogy Metals
A number of institutional investors have recently made changes to their positions in TMQ. Old West Investment Management LLC raised its stake in Trilogy Metals by 152.7% during the third quarter. Old West Investment Management LLC now owns 7,830,209 shares of the mining company's stock worth $3,915,000 after acquiring an additional 4,731,278 shares during the period. Sprott Inc. raised its position in shares of Trilogy Metals by 64.9% during the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock worth $2,430,000 after purchasing an additional 824,071 shares during the period. Bornite Capital Management LP bought a new stake in shares of Trilogy Metals in the 4th quarter worth approximately $812,000. Virtu Financial LLC boosted its position in Trilogy Metals by 85.7% during the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company's stock valued at $65,000 after purchasing an additional 61,683 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new position in Trilogy Metals during the 4th quarter valued at approximately $615,000. 16.75% of the stock is owned by institutional investors and hedge funds.
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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