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

Key Points

• DLD Asset Management LP invested approximately $388,000 in Trilogy Metals Inc. during the 1st quarter, acquiring 250,000 shares, which represents a 0.15% ownership stake in the company.
• In addition to DLD, other hedge funds also increased their positions in Trilogy Metals, with Bornite Capital Management LP raising its stake by 42.9% and acquiring an additional 300,000 shares.
• Trilogy Metals stock is currently priced at $1.59, reflecting a 2.5% decline, with the company having a market capitalization of $261.14 million and a PE ratio of -31.80.

DLD Asset Management LP bought a new stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 250,000 shares of the mining company's stock, valued at approximately $388,000. DLD Asset Management LP owned 0.15% of Trilogy Metals as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. XTX Topco Ltd lifted its position in shares of Trilogy Metals by 235.5% during the fourth quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock worth $56,000 after purchasing an additional 33,636 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Trilogy Metals during the first quarter worth $83,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Trilogy Metals in the fourth quarter valued at $119,000. Legacy Capital Group California Inc. purchased a new position in Trilogy Metals in the first quarter valued at $232,000. Finally, Two Sigma Advisers LP acquired a new position in Trilogy Metals during the 4th quarter worth $221,000. 16.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trilogy Metals

In other 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 transaction, the director owned 143,638 shares in the company, valued at approximately $249,930.12. This represents a 25.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.20% of the company's stock.

Trilogy Metals Stock Down 3.0%

NYSEAMERICAN TMQ traded down $0.05 during trading hours on Friday, hitting $1.60. 307,628 shares of the company were exchanged, compared to its average volume of 399,404. The firm has a market cap of $262.78 million, a price-to-earnings ratio of -32.00 and a beta of 1.17. The company has a 50 day moving average of $1.60 and a two-hundred day moving average of $1.47. Trilogy Metals Inc. has a 52-week low of $0.47 and a 52-week high of $2.0897.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). On average, equities research analysts predict that Trilogy Metals Inc. will post -0.03 EPS 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.