Envestnet Asset Management Inc. Acquires Shares of 255,533 Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMQ. XTX Topco Ltd boosted its stake in shares of Trilogy Metals by 235.5% during the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock worth $56,000 after acquiring an additional 33,636 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Trilogy Metals in the fourth quarter valued at approximately $119,000. Two Sigma Advisers LP purchased a new stake in shares of Trilogy Metals in the fourth quarter valued at approximately $221,000. Two Sigma Investments LP acquired a new position in shares of Trilogy Metals during the 4th quarter worth approximately $416,000. Finally, Tidal Investments LLC lifted its position 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 buying an additional 782,929 shares in the last quarter. 16.75% of the stock is currently owned by institutional investors and hedge funds.

Trilogy Metals Stock Up 1.3%

Shares of Trilogy Metals stock traded up $0.02 during trading hours on Friday, reaching $1.52. 241,740 shares of the company's stock were exchanged, compared to its average volume of 559,500. The business has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.43. The company has a market capitalization of $249.64 million, a P/E ratio of -30.40 and a beta of 1.17. Trilogy Metals Inc. has a 1 year low of $0.47 and a 1 year high of $2.09.

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 predict that Trilogy Metals Inc. will post -0.03 EPS for the current year.

Insider Transactions at Trilogy Metals

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $1.74, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.20% of the stock is currently owned by company insiders.

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.