Envestnet Asset Management Inc. Makes New Investment in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Envestnet Asset Management Inc. purchased a new position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 255,533 shares of the mining company's stock, valued at approximately $396,000. Envestnet Asset Management Inc. owned approximately 0.16% of Trilogy Metals at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Goehring & Rozencwajg Associates LLC increased 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 valued at $2,282,000 after acquiring an additional 10,600 shares during the last quarter. XTX Topco Ltd increased 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 valued at $56,000 after acquiring an additional 33,636 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of Trilogy Metals during the fourth quarter valued at about $119,000. Two Sigma Advisers LP acquired a new stake in shares of Trilogy Metals during the fourth quarter valued at about $221,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Trilogy Metals during the fourth quarter valued at about $416,000. 16.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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. Insiders own 15.20% of the company's stock.

Trilogy Metals Trading Up 1.3%

TMQ traded up $0.02 during trading hours on Friday, hitting $1.52. 241,740 shares of the company's stock were exchanged, compared to its average volume of 582,594. Trilogy Metals Inc. has a 12-month low of $0.47 and a 12-month high of $2.09. The firm has a 50 day moving average of $1.54 and a 200 day moving average of $1.44. The firm has a market cap of $249.64 million, a P/E ratio of -30.40 and a beta of 1.17.

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