DLD Asset Management LP Makes New $388,000 Investment in Trilogy Metals Inc. $TMQ

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 position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) during the 1st quarter, according to its most recent filing 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 0.15% of Trilogy Metals as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Wexford Capital LP raised its position in shares of Trilogy Metals by 15.5% during the fourth quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company's stock worth $6,128,000 after purchasing an additional 708,469 shares during the period. Foursixthree Capital LP acquired a new stake in shares of Trilogy Metals during the fourth quarter worth about $2,954,000. Tidal Investments LLC raised its position in shares of Trilogy Metals by 73.5% during the fourth quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock worth $2,144,000 after purchasing an additional 782,929 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in shares of Trilogy Metals by 0.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,402,797 shares of the mining company's stock worth $2,282,000 after purchasing an additional 10,600 shares during the period. Finally, Bornite Capital Management LP raised its position in shares of Trilogy Metals by 42.9% during the first 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 period. Institutional investors and hedge funds own 16.75% of the company's stock.

Insider Transactions at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $1.74, for a total value of $87,000.00. Following the sale, the director owned 143,638 shares of the company's stock, valued at approximately $249,930.12. This trade represents a 25.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.20% of the company's stock.

Trilogy Metals Trading Up 0.3%

Shares of NYSEAMERICAN TMQ traded up $0.0050 during mid-day trading on Monday, reaching $1.6050. 85,897 shares of the company's stock were exchanged, compared to its average volume of 549,333. The firm has a market capitalization of $263.61 million, a price-to-earnings ratio of -32.10 and a beta of 1.17. The business has a fifty day simple moving average of $1.60 and a 200 day simple moving average of $1.48. Trilogy Metals Inc. has a twelve month low of $0.47 and a twelve month high of $2.0897.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Equities research analysts predict that Trilogy Metals Inc. will post -0.03 earnings per share for the current fiscal year.

Trilogy Metals 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.