Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s share price 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 trading hands.

Trilogy Metals Price Performance

The company has a market capitalization of $201.79 million, a PE ratio of -20.83 and a beta of 1.55.

Hedge Funds Weigh In On Trilogy Metals

Several institutional investors have recently made changes to their positions in TMQ. Old West Investment Management LLC boosted its position in Trilogy Metals by 252.7% during the 3rd quarter. Old West Investment Management LLC now owns 10,929,140 shares of the mining company’s stock valued at $5,465,000 after acquiring an additional 7,830,209 shares in the last quarter. Wexford Capital LP lifted its stake 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 worth $2,214,000 after purchasing an additional 2,169,593 shares during the last quarter. Pinnbrook Capital Management LP bought a new stake in Trilogy Metals during the fourth quarter valued at about $615,000. Finally, Virtu Financial LLC grew its stake in Trilogy Metals by 85.7% in the third 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 last quarter. Hedge funds and other 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.