Trilogy Metals Inc. (NYSEAMERICAN:TMQ – Get Rating)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $0.59. Trilogy Metals shares last traded at $0.58, with a volume of 219,197 shares traded.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Trilogy Metals from C$2.50 to C$1.50 in a report on Thursday, September 22nd. National Bank Financial decreased their price target on shares of Trilogy Metals from C$1.35 to C$1.15 in a report on Thursday, October 13th. Finally, TD Securities cut their target price on shares of Trilogy Metals from C$1.30 to C$1.15 in a research report on Thursday, September 22nd.
Trilogy Metals Stock Performance
The stock has a market capitalization of $84.81 million, a PE ratio of -3.22 and a beta of 1.32.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Trilogy Metals during the first quarter valued at about $29,000. Bank of Montreal Can purchased a new stake in Trilogy Metals during the first quarter valued at about $36,000. Acadian Asset Management LLC purchased a new stake in Trilogy Metals during the first quarter valued at about $35,000. Finally, TSP Capital Management Group LLC boosted its position in Trilogy Metals by 1.0% during the second quarter. TSP Capital Management Group LLC now owns 3,867,500 shares of the mining company’s stock valued at $2,926,000 after buying an additional 37,500 shares during the period. 19.80% of the stock is currently owned by hedge funds and other institutional investors.
Trilogy Metals Company Profile
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.
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