Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $1.29. Trilogy Metals shares last traded at $1.24, with a volume of 128,426 shares changing hands.
Trilogy Metals Price Performance
The stock has a market cap of $201.79 million, a price-to-earnings ratio of -20.83 and a beta of 1.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Old West Investment Management LLC raised its position in Trilogy Metals by 252.7% during the third quarter. Old West Investment Management LLC now owns 10,929,140 shares of the mining company’s stock valued at $5,465,000 after purchasing an additional 7,830,209 shares during the period. Wexford Capital LP increased its position in shares of Trilogy Metals by 90.2% during the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock valued at $2,214,000 after purchasing an additional 2,169,593 shares during the last quarter. Virtu Financial LLC raised its holdings 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 buying an additional 61,683 shares during the period. Finally, Pinnbrook Capital Management LP bought a new stake in Trilogy Metals in the fourth quarter worth $615,000. 16.75% of the stock is owned by hedge funds and other institutional investors.
Trilogy Metals Company Profile
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.
Further Reading
- Five stocks we like better than Trilogy Metals
- 3 REITs to Buy and Hold for the Long Term
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Find and Profitably Trade Stocks at 52-Week Lows
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- What is the S&P/TSX Index?
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Receive News & Ratings for Trilogy Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trilogy Metals and related companies with MarketBeat.com's FREE daily email newsletter.
