Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Crosses 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 Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $0.42. Trilogy Metals shares last traded at $0.41, with a volume of 75,738 shares trading hands.

Trilogy Metals Stock Down 3.1 %

The stock has a market cap of $63.96 million, a PE ratio of -4.45 and a beta of 1.28.

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

Insider Activity

In other Trilogy Metals news, CFO Elaine Sanders sold 68,899 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $0.47, for a total value of $32,382.53. Following the completion of the sale, the chief financial officer now owns 2,792,868 shares of the company’s stock, valued at $1,312,647.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 74,549 shares of company stock worth $34,932. 8.40% of the stock is currently owned by insiders.

Institutional Trading of Trilogy Metals

A number of institutional investors have recently made changes to their positions in TMQ. TSP Capital Management Group LLC boosted its holdings in shares of Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock worth $2,514,000 after purchasing an additional 245,000 shares during the period. Goehring & Rozencwajg Associates LLC grew its position in shares of Trilogy Metals by 3.0% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock worth $721,000 after buying an additional 47,310 shares during the last quarter. Old West Investment Management LLC increased its stake in shares of Trilogy Metals by 438.1% during the fourth quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock valued at $229,000 after buying an additional 434,352 shares during the period. Finally, Fore Capital LLC lifted its stake in Trilogy Metals by 100.0% in the third quarter. Fore Capital LLC now owns 200,000 shares of the mining company’s stock worth $98,000 after acquiring an additional 100,000 shares during the period. 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.