Trilogy Metals (NYSEAMERICAN:TMQ) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.26 and traded as high as $1.35. Trilogy Metals shares last traded at $1.35, with a volume of 178,501 shares trading hands.

Trilogy Metals Stock Up 3.1 %

The stock has a fifty day moving average price of $1.26. The firm has a market capitalization of $221.32 million, a P/E ratio of -27.00 and a beta of 1.54.

Institutional Trading of Trilogy Metals

Several institutional investors have recently modified their holdings of the stock. Old West Investment Management LLC boosted its position in shares of Trilogy Metals by 252.7% in 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 purchasing an additional 7,830,209 shares during the period. Wexford Capital LP lifted its stake in Trilogy Metals by 15.5% in the fourth quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company’s stock valued at $6,128,000 after buying an additional 708,469 shares during the last quarter. Foursixthree Capital LP acquired a new stake in shares of Trilogy Metals in the fourth quarter valued at approximately $2,954,000. Sprott Inc. grew its position in shares of Trilogy Metals by 64.9% during the fourth quarter. Sprott Inc. now owns 2,094,652 shares of the mining company’s stock worth $2,430,000 after acquiring an additional 824,071 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Trilogy Metals by 73.5% in the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company’s stock valued at $2,144,000 after acquiring an additional 782,929 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.