Trilogy Metals (NYSEAMERICAN:TMQ) Shares Pass Above 50-Day Moving Average – Time to Sell?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.29 and traded as high as $1.60. Trilogy Metals shares last traded at $1.59, with a volume of 467,486 shares trading hands.

Trilogy Metals Stock Up 6.0 %

The firm has a market cap of $260.66 million, a PE ratio of -31.80 and a beta of 1.54. The stock has a fifty day moving average price of $1.29.

Hedge Funds Weigh In On Trilogy Metals

Several institutional investors and hedge funds have recently modified their holdings of TMQ. XTX Topco Ltd increased its holdings in shares of 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. purchased a new position in Trilogy Metals in the fourth quarter valued at $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 purchasing an additional 61,683 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Trilogy Metals in the 4th quarter valued at about $221,000. Finally, Two Sigma Investments LP purchased a new stake in Trilogy Metals in the 4th quarter valued at approximately $416,000. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Company Profile

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.