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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) crossed 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.

Trilogy Metals Trading Up 3.1 %

The business’s 50-day moving average price is $1.26. The company has a market cap of $221.32 million, a PE ratio of -27.00 and a beta of 1.54.

Hedge Funds Weigh In On Trilogy Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd lifted its position in Trilogy Metals by 235.5% in the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after purchasing an additional 33,636 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at approximately $119,000. Virtu Financial LLC lifted its holdings in shares of Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock valued at $65,000 after buying an additional 61,683 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Trilogy Metals in the fourth quarter valued at approximately $221,000. Finally, Two Sigma Investments LP acquired a new position in Trilogy Metals during the fourth quarter worth $416,000. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

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.