Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $1.29. Trilogy Metals shares last traded at $1.24, with a volume of 128,426 shares changing hands.

Trilogy Metals Trading Up 0.8 %

The firm has a market capitalization of $200.17 million, a PE ratio of -20.67 and a beta of 1.55.

Institutional Investors Weigh In On Trilogy Metals

A number of large investors have recently made changes to their positions in TMQ. Virtu Financial LLC lifted its stake in Trilogy Metals by 85.7% in the third quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock worth $65,000 after acquiring an additional 61,683 shares during the period. Wexford Capital LP lifted its position in shares of Trilogy Metals by 90.2% in the 3rd quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after purchasing an additional 2,169,593 shares during the period. Finally, Old West Investment Management LLC boosted its stake in shares of Trilogy Metals by 152.7% during the 3rd quarter. Old West Investment Management LLC now owns 7,830,209 shares of the mining company’s stock valued at $3,915,000 after purchasing an additional 4,731,278 shares in the last quarter. 16.75% of the stock is currently owned by institutional investors.

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.