Trilogy Metals Inc. $TMQ Shares Purchased by Old West Investment Management LLC

Key Points

• Old West Investment Management LLC increased its stake in Trilogy Metals Inc. by 61.1%, now holding 12,611,879 shares valued at approximately $19.61 million, making it the company's largest investor.
• Other institutional investors, such as XTX Topco Ltd, have also significantly increased their holdings in Trilogy Metals, indicating growing interest from large investment firms.
• Trilogy Metals' recent trading performance reflects volatility, with the stock opening at $1.60, hovering near its 1-year low of $0.47 and facing a predicted loss of -0.03 EPS for the current year.

Old West Investment Management LLC increased its stake in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 61.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,611,879 shares of the mining company's stock after purchasing an additional 4,781,670 shares during the period. Trilogy Metals accounts for 7.1% of Old West Investment Management LLC's portfolio, making the stock its largest holding. Old West Investment Management LLC owned about 7.69% of Trilogy Metals worth $19,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in Trilogy Metals during the 4th quarter worth $416,000. Two Sigma Advisers LP acquired a new stake in Trilogy Metals during the 4th quarter worth $221,000. Envestnet Asset Management Inc. acquired a new stake in Trilogy Metals during the 1st quarter worth $396,000. Tidal Investments LLC grew its holdings in Trilogy Metals by 73.5% during the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock worth $2,144,000 after acquiring an additional 782,929 shares during the period. Finally, Foursixthree Capital LP acquired a new stake in Trilogy Metals during the 4th quarter worth $2,954,000. Institutional investors and hedge funds own 16.75% of the company's stock.

Trilogy Metals Stock Performance

TMQ traded up $0.05 during trading on Wednesday, reaching $1.67. 170,370 shares of the company's stock were exchanged, compared to its average volume of 385,586. The company's fifty day moving average price is $1.62 and its 200-day moving average price is $1.48. Trilogy Metals Inc. has a fifty-two week low of $0.47 and a fifty-two week high of $2.09. The firm has a market capitalization of $274.28 million, a PE ratio of -33.40 and a beta of 1.17.

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

Insider Activity

In related 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 sale, the director owned 143,638 shares in the company, valued at $249,930.12. This represents a 25.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.20% of the stock is 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.