Tidal Investments LLC Has $2.14 Million Holdings in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Tidal Investments LLC boosted its position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) by 73.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,848,427 shares of the mining company's stock after buying an additional 782,929 shares during the quarter. Tidal Investments LLC owned approximately 1.15% of Trilogy Metals worth $2,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnbrook Capital Management LP bought a new stake in shares of Trilogy Metals during the 4th quarter worth $615,000. Sprott Inc. boosted 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 worth $2,430,000 after buying an additional 824,071 shares during the period. Bornite Capital Management LP acquired a new stake in shares of Trilogy Metals in the fourth quarter worth $812,000. XTX Topco Ltd boosted its position 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 during the last quarter. Finally, Foursixthree Capital LP acquired a new stake in Trilogy Metals during the fourth quarter valued at $2,954,000. 16.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Trilogy Metals Stock Performance

NYSEAMERICAN TMQ traded down $0.03 during trading on Wednesday, reaching $1.32. 55,159 shares of the company traded hands, compared to its average volume of 754,045. The company has a market cap of $215.58 million, a price-to-earnings ratio of -26.30 and a beta of 1.54. Trilogy Metals Inc. has a 1-year low of $0.42 and a 1-year high of $2.09. The stock's 50 day moving average price is $1.49 and its two-hundred day moving average price is $1.19.

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.