Old West Investment Management LLC Has $19.61 Million Stock Position in Trilogy Metals Inc. $TMQ

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 raised its stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 61.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,611,879 shares of the mining company's stock after purchasing an additional 4,781,670 shares during the quarter. 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 approximately 7.69% of Trilogy Metals worth $19,611,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd boosted 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 purchasing an additional 33,636 shares in the last quarter. Virtu Financial LLC acquired a new stake in Trilogy Metals during the first quarter valued at approximately $83,000. Total Wealth Planning & Management Inc. acquired a new stake in Trilogy Metals during the fourth quarter valued at approximately $119,000. Two Sigma Advisers LP acquired a new stake in Trilogy Metals during the fourth quarter valued at approximately $221,000. Finally, Legacy Capital Group California Inc. acquired a new stake in Trilogy Metals during the first quarter valued at approximately $232,000. 16.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred 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. The trade was a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.20% of the company's stock.

Trilogy Metals Stock Performance

NYSEAMERICAN TMQ remained flat at $1.69 during trading on Friday. The company's stock had a trading volume of 230,152 shares, compared to its average volume of 359,771. Trilogy Metals Inc. has a 12 month low of $0.47 and a 12 month high of $2.09. The stock has a fifty day moving average price of $1.63 and a 200 day moving average price of $1.49. The firm has a market capitalization of $277.57 million, a P/E ratio of -33.80 and a beta of 1.17.

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