Trilogy Metals (NYSEAMERICAN:TMQ) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.44 and traded as high as $1.61. Trilogy Metals shares last traded at $1.58, with a volume of 642,349 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James reiterated a “market perform” rating on shares of Trilogy Metals in a report on Monday, March 24th.

Trilogy Metals Trading Down 10.1 %

The firm’s fifty day moving average price is $1.44. The company has a market cap of $232.79 million, a P/E ratio of -28.40 and a beta of 1.54.

Hedge Funds Weigh In On Trilogy Metals

A number of institutional investors have recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. bought a new stake in shares of Trilogy Metals in the 4th quarter valued at about $119,000. Wexford Capital LP raised its stake in Trilogy Metals by 15.5% in the 4th quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company’s stock valued at $6,128,000 after acquiring an additional 708,469 shares during the period. Two Sigma Advisers LP bought a new position in Trilogy Metals during the fourth quarter worth $221,000. Two Sigma Investments LP acquired a new position in shares of Trilogy Metals in the fourth quarter valued at $416,000. Finally, Tidal Investments LLC lifted its stake in shares of Trilogy Metals by 73.5% during the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company’s stock worth $2,144,000 after buying an additional 782,929 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.

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.