Sprott Inc. Boosts Stock Position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Sprott Inc. increased its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 64.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,094,652 shares of the mining company’s stock after buying an additional 824,071 shares during the quarter. Sprott Inc. owned about 1.30% of Trilogy Metals worth $2,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC raised its holdings in shares of Trilogy Metals by 85.7% during the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock worth $65,000 after acquiring an additional 61,683 shares during the period. Pinnbrook Capital Management LP acquired a new stake in Trilogy Metals during the fourth quarter worth about $615,000. Wexford Capital LP increased its position in Trilogy Metals by 90.2% during the third quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock worth $2,214,000 after purchasing an additional 2,169,593 shares during the last quarter. Finally, Old West Investment Management LLC raised its stake in Trilogy Metals by 152.7% during the third quarter. Old West Investment Management LLC now owns 7,830,209 shares of the mining company’s stock worth $3,915,000 after purchasing an additional 4,731,278 shares during the period. Institutional investors and hedge funds own 16.75% of the company’s stock.

Trilogy Metals Price Performance

Trilogy Metals stock opened at $1.30 on Wednesday. The company has a market capitalization of $213.12 million, a PE ratio of -26.00 and a beta of 1.54. Trilogy Metals Inc. has a 1-year low of $0.25 and a 1-year high of $1.76.

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.