Trilogy Metals (NYSEAMERICAN:TMQ) Stock Passes Above Fifty Day Moving Average of $0.00

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $0.51. Trilogy Metals shares last traded at $0.50, with a volume of 117,528 shares.

Trilogy Metals Stock Down 1.6 %

The firm has a market capitalization of $80.82 million, a P/E ratio of -5.60 and a beta of 1.42.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its earnings results on Wednesday, April 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). As a group, sell-side analysts anticipate that Trilogy Metals Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Elaine Sanders sold 53,454 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $0.49, for a total transaction of $26,192.46. Following the completion of the sale, the chief financial officer now owns 2,503,107 shares in the company, valued at approximately $1,226,522.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.60% of the company’s stock.

Institutional Trading of Trilogy Metals

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Trilogy Metals in the first quarter worth approximately $525,000. Old West Investment Management LLC lifted its position in 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 buying an additional 434,352 shares in the last quarter. TSP Capital Management Group LLC boosted its stake in shares of 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 valued at $2,514,000 after buying an additional 245,000 shares during the period. Virtu Financial LLC grew its holdings in shares of 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 acquiring an additional 139,798 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of 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 worth $721,000 after acquiring an additional 47,310 shares during the last quarter. 16.75% of the stock is owned by institutional investors and hedge funds.

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.