Millennium Management LLC Sells 300,456 Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in TMQ. XTX Topco Ltd boosted its holdings 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 valued at $56,000 after acquiring an additional 33,636 shares during the last quarter. Pinnbrook Capital Management LP purchased a new stake in Trilogy Metals in the fourth quarter worth approximately $615,000. Bornite Capital Management LP bought a new stake in Trilogy Metals in the 4th quarter worth approximately $812,000. Sprott Inc. raised its stake in Trilogy Metals by 64.9% during the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock valued at $2,430,000 after buying an additional 824,071 shares during the last quarter. Finally, Foursixthree Capital LP purchased a new stake in Trilogy Metals during the 4th quarter valued at $2,954,000. Hedge funds and other institutional investors own 16.75% of the company's stock.

Trilogy Metals Stock Performance

TMQ stock traded down $0.03 during trading on Friday, hitting $1.25. 204,448 shares of the company's stock traded hands, compared to its average volume of 763,997. Trilogy Metals Inc. has a 52 week low of $0.42 and a 52 week high of $2.09. The stock has a market capitalization of $204.93 million, a price-to-earnings ratio of -25.00 and a beta of 1.54. The business has a fifty day simple moving average of $1.40 and a 200 day simple moving average of $1.21.

Analyst Upgrades and Downgrades

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

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.