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.
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
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.
- Get a free copy of the StockNews.com research report on Trilogy Metals (TMQ)
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