Trilogy Metals (NYSEAMERICAN:TMQ) Shares Cross Above 50 Day Moving Average – What’s Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $1.05. Trilogy Metals shares last traded at $1.01, with a volume of 380,453 shares trading hands.

Trilogy Metals Stock Performance

The stock has a market cap of $162.51 million, a price-to-earnings ratio of -16.83 and a beta of 1.32.

Trilogy Metals (NYSEAMERICAN:TMQ) last released its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). As a group, equities analysts predict that Trilogy Metals Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trilogy Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC raised its position in shares of Trilogy Metals by 252.7% in 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. Tidal Investments LLC acquired a new position in Trilogy Metals in the 1st quarter valued at $525,000. Finally, Virtu Financial LLC raised its holdings in Trilogy Metals by 301.1% in the 1st quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock worth $93,000 after acquiring an additional 139,798 shares during the period. 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.