Millennium Management LLC Has $147,000 Stock Holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Millennium Management LLC reduced its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,529 shares of the mining company's stock after selling 300,456 shares during the period. Millennium Management LLC owned 0.08% of Trilogy Metals worth $147,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd raised its holdings in 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 buying an additional 33,636 shares in the last quarter. Pinnbrook Capital Management LP bought a new position in Trilogy Metals during the fourth quarter valued at about $615,000. Bornite Capital Management LP acquired a new stake in shares of Trilogy Metals in the fourth quarter valued at about $812,000. Sprott Inc. grew its position in shares of Trilogy Metals by 64.9% in the fourth quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock valued at $2,430,000 after purchasing an additional 824,071 shares during the last quarter. Finally, Foursixthree Capital LP acquired a new stake in shares of Trilogy Metals in the fourth quarter valued at about $2,954,000. 16.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed a "market perform" rating on shares of Trilogy Metals in a research report on Monday, March 24th.

Trilogy Metals Stock Performance

Shares of NYSEAMERICAN:TMQ traded up $0.03 during midday trading on Monday, hitting $1.28. The company's stock had a trading volume of 380,645 shares, compared to its average volume of 767,682. The stock has a market capitalization of $209.84 million, a price-to-earnings ratio of -25.60 and a beta of 1.54. The stock's 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.23. Trilogy Metals Inc. has a fifty-two week low of $0.42 and a fifty-two week high of $2.09.

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.