250,000 Shares in Trilogy Metals Inc. $TMQ Purchased by DLD Asset Management LP

Key Points

• DLD Asset Management LP has acquired a new position in Trilogy Metals Inc., purchasing 250,000 shares valued at approximately $388,000.
• Several hedge funds have increased their stakes in Trilogy Metals, with Old West Investment Management boosting its ownership by 61.1%, now holding over 12.6 million shares.
• Insider trading activity included Director William L. Iggiagruk Hensley selling 50,000 shares for a total of $87,000, reducing his stake in the company by 25.82%.

DLD Asset Management LP bought a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 250,000 shares of the mining company's stock, valued at approximately $388,000. DLD Asset Management LP owned approximately 0.15% of Trilogy Metals at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMQ. Old West Investment Management LLC raised its stake in shares of Trilogy Metals by 61.1% in the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company's stock valued at $19,611,000 after purchasing an additional 4,781,670 shares in the last quarter. Wexford Capital LP lifted its position in Trilogy Metals by 15.5% in the 4th quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company's stock worth $6,128,000 after buying an additional 708,469 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Trilogy Metals by 73.5% during the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock valued at $2,144,000 after purchasing an additional 782,929 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in Trilogy Metals by 0.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,402,797 shares of the mining company's stock valued at $2,282,000 after buying an additional 10,600 shares during the last quarter. Finally, Bornite Capital Management LP grew its position in Trilogy Metals by 42.9% in the 1st quarter. Bornite Capital Management LP now owns 1,000,000 shares of the mining company's stock worth $1,550,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 16.75% of the company's stock.

Insider Activity

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $1.74, for a total value of $87,000.00. Following the completion of the sale, the director owned 143,638 shares in the company, valued at $249,930.12. This represents a 25.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.20% of the stock is owned by company insiders.

Trilogy Metals Price Performance

Shares of Trilogy Metals stock traded up $0.02 during trading on Wednesday, hitting $2.13. 132,805 shares of the company's stock traded hands, compared to its average volume of 551,305. The firm's fifty day moving average price is $1.75 and its 200 day moving average price is $1.55. Trilogy Metals Inc. has a twelve month low of $0.47 and a twelve month high of $2.19. The company has a market cap of $349.12 million, a PE ratio of -42.50 and a beta of 1.19.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). As a group, equities research analysts anticipate that Trilogy Metals Inc. will post -0.03 earnings per share for the current year.

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.