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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $0.67. Trilogy Metals shares last traded at $0.65, with a volume of 384,999 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut Trilogy Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Trilogy Metals Price Performance

The firm has a market capitalization of $104.39 million, a PE ratio of -10.84 and a beta of 1.38.

Trilogy Metals (NYSEAMERICAN:TMQ) last issued its quarterly earnings data on Wednesday, October 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Sell-side analysts anticipate that Trilogy Metals Inc. will post -0.04 EPS for the current year.

Hedge Funds Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMQ. Virtu Financial LLC boosted its stake in Trilogy Metals by 301.1% during the 1st 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 in the last quarter. Tidal Investments LLC bought a new position in Trilogy Metals during the 1st quarter valued at $525,000. Old West Investment Management LLC boosted its stake in Trilogy Metals by 54.6% during the 2nd quarter. Old West Investment Management LLC now owns 3,098,931 shares of the mining company’s stock valued at $1,549,000 after purchasing an additional 1,094,842 shares in the last quarter. Finally, TSP Capital Management Group LLC boosted its stake in Trilogy Metals by 5.1% during the 1st 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. 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.