Trilogy Metals (NYSEAMERICAN:TMQ) Shares Cross Above 50-Day Moving Average of $0.00

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $0.51. Trilogy Metals shares last traded at $0.51, with a volume of 169,717 shares changing hands.

Trilogy Metals Price Performance

The company has a market cap of $82.42 million, a price-to-earnings ratio of -5.72 and a beta of 1.43.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings results on Wednesday, April 3rd. The mining company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). On average, research analysts forecast that Trilogy Metals Inc. will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Elaine Sanders sold 53,454 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $0.49, for a total transaction of $26,192.46. Following the transaction, the chief financial officer now owns 2,503,107 shares of the company’s stock, valued at $1,226,522.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trilogy Metals

A number of institutional investors have recently modified their holdings of TMQ. Goehring & Rozencwajg Associates LLC boosted its stake in Trilogy Metals by 3.0% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock valued at $721,000 after acquiring an additional 47,310 shares during the period. Old West Investment Management LLC lifted its holdings in shares of Trilogy Metals by 438.1% in the 4th quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock worth $229,000 after purchasing an additional 434,352 shares during the last quarter. Tidal Investments LLC acquired a new position in Trilogy Metals during the 1st quarter valued at approximately $525,000. Virtu Financial LLC boosted its position in Trilogy Metals by 301.1% during the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock valued at $93,000 after purchasing an additional 139,798 shares during the period. Finally, TSP Capital Management Group LLC grew its stake in Trilogy Metals by 5.1% during the 1st quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock worth $2,514,000 after buying an additional 245,000 shares during the last quarter. Institutional investors own 16.75% of the company’s stock.

About Trilogy Metals

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.