Tidal Investments LLC Purchases 782,929 Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

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

Several other institutional investors have also added to or reduced their stakes in TMQ. Foursixthree Capital LP acquired a new stake in Trilogy Metals during the fourth quarter worth approximately $2,954,000. Sprott Inc. increased its holdings in Trilogy Metals by 64.9% in 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 period. Bornite Capital Management LP acquired a new stake in shares of Trilogy Metals during the 4th quarter worth approximately $812,000. Pinnbrook Capital Management LP acquired a new stake in shares of Trilogy Metals in the 4th quarter valued at $615,000. Finally, XTX Topco Ltd lifted its position 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 worth $56,000 after buying an additional 33,636 shares during the last quarter. 16.75% of the stock is currently owned by institutional investors.

Trilogy Metals Stock Up 4.8%

NYSEAMERICAN:TMQ traded up $0.06 during trading hours on Tuesday, hitting $1.32. 423,255 shares of the company traded hands, compared to its average volume of 756,284. The company has a market cap of $216.40 million, a PE ratio of -26.10 and a beta of 1.54. The firm's 50-day simple moving average is $1.49 and its 200-day simple moving average is $1.18. Trilogy Metals Inc. has a one year low of $0.42 and a one year high of $2.09.

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.