Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Crosses Above 50 Day Moving Average of $0.00

Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Get Rating)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $0.51. Trilogy Metals shares last traded at $0.50, with a volume of 105,310 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered their target price on Trilogy Metals from C$2.25 to C$1.75 in a research report on Wednesday, February 15th.

Trilogy Metals Stock Up 6.8 %

The company has a market cap of $76.34 million, a PE ratio of -2.95 and a beta of 1.38.

Trilogy Metals (NYSEAMERICAN:TMQ – Get Rating) last issued its quarterly earnings results on Wednesday, April 5th. The mining company reported ($0.03) earnings per share (EPS) for the quarter. Equities analysts expect that Trilogy Metals Inc. will post -0.04 EPS for the current fiscal year.

Insider Activity at Trilogy Metals

In other Trilogy Metals news, major shareholder Strategic Opportuniti Electrum bought 2,181,818 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was purchased at an average cost of $0.55 per share, for a total transaction of $1,199,999.90. Following the completion of the purchase, the insider now directly owns 31,604,741 shares of the company’s stock, valued at $17,382,607.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Trilogy Metals during the first quarter worth $29,000. Bank of Montreal Can acquired a new position in shares of Trilogy Metals during the first quarter worth $36,000. Goehring & Rozencwajg Associates LLC increased its holdings in Trilogy Metals by 2.5% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,408,006 shares of the mining company’s stock valued at $750,000 after purchasing an additional 34,337 shares during the period. Acadian Asset Management LLC acquired a new stake in Trilogy Metals in the first quarter valued at $35,000. Finally, National Bank of Canada FI acquired a new stake in Trilogy Metals in the first quarter valued at $25,000. 19.18% of the stock is currently owned by institutional investors and hedge funds.

About Trilogy Metals

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Trilogy Metals, Inc engages in the development and exploration of mineral properties. The firm holds interests in the Upper Kobuk mineral projects that include the Arctic, a copper-zinc-lead-gold-silver and Bornite, a carbonate-hosted copper projects, which is located in the Ambler mining district in Northwest Alaska.