Trilogy Metals (NYSEAMERICAN:TMQ) Stock Price Passes Above Fifty Day Moving Average of $0.00

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQGet Rating) passed 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 $0.78. Trilogy Metals shares last traded at $0.74, with a volume of 437,291 shares trading hands.

Analyst Upgrades and Downgrades

TMQ has been the topic of a number of research reports. Raymond James dropped their target price on shares of Trilogy Metals from C$3.00 to C$2.25 in a report on Thursday, July 7th. National Bank Financial reduced their price objective on shares of Trilogy Metals from C$2.50 to C$1.75 in a research report on Monday, June 13th.

Trilogy Metals Stock Up 8.5 %

The firm has a market cap of $107.71 million, a P/E ratio of -4.62 and a beta of 1.45.

Hedge Funds Weigh In On Trilogy Metals

Large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Trilogy Metals during the first quarter worth approximately $29,000. Bank of Montreal Can bought a new stake in Trilogy Metals during the first quarter worth $36,000. Acadian Asset Management LLC bought a new stake in Trilogy Metals during the first quarter worth $35,000. CastleKnight Management LP bought a new stake in Trilogy Metals during the fourth quarter worth $69,000. Finally, Sprott Inc. boosted its position in Trilogy Metals by 7.4% in the fourth quarter. Sprott Inc. now owns 1,352,121 shares of the mining company’s stock worth $2,231,000 after purchasing an additional 93,492 shares during the last quarter. 28.37% of the stock is currently owned by institutional investors.

Trilogy Metals Company Profile

(Get Rating)

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. 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 426,690 acres located in the Ambler mining district in Northwest Alaska.

Further Reading

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