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

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) crossed 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 $0.51. Trilogy Metals shares last traded at $0.50, with a volume of 117,528 shares trading hands.

Trilogy Metals Price Performance

Trilogy Metals (NYSEAMERICAN:TMQ) last posted its earnings results on Wednesday, April 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). As a group, equities research analysts expect that Trilogy Metals Inc. will post -0.03 EPS for the current year.

Insider Transactions at Trilogy Metals

In other Trilogy Metals news, CFO Elaine Sanders sold 53,454 shares of Trilogy Metals stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $0.49, for a total transaction of $26,192.46. Following the completion of the sale, the chief financial officer now owns 2,503,107 shares of the company’s stock, valued at $1,226,522.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in Trilogy Metals in the 1st quarter worth $525,000. Old West Investment Management LLC boosted its stake in Trilogy Metals by 438.1% during the fourth quarter. Old West Investment Management LLC now owns 533,490 shares of the mining company’s stock worth $229,000 after acquiring an additional 434,352 shares in the last quarter. TSP Capital Management Group LLC increased its stake in shares of Trilogy Metals by 5.1% during the first quarter. TSP Capital Management Group LLC now owns 5,027,500 shares of the mining company’s stock valued at $2,514,000 after purchasing an additional 245,000 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Trilogy Metals by 301.1% during the first quarter. Virtu Financial LLC now owns 186,226 shares of the mining company’s stock valued at $93,000 after purchasing an additional 139,798 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in shares of Trilogy Metals by 3.0% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,647,016 shares of the mining company’s stock worth $721,000 after purchasing an additional 47,310 shares in the last quarter. 16.75% of the stock is owned by 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.