Foursixthree Capital LP Makes New Investment in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Foursixthree Capital LP bought a new position in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,546,289 shares of the mining company's stock, valued at approximately $2,954,000. Trilogy Metals comprises 1.0% of Foursixthree Capital LP's portfolio, making the stock its 9th largest holding. Foursixthree Capital LP owned about 1.58% of Trilogy Metals at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sprott Inc. lifted 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 purchasing an additional 824,071 shares in the last quarter. Bornite Capital Management LP purchased a new position in shares of Trilogy Metals during the fourth quarter valued at approximately $812,000. Pinnbrook Capital Management LP acquired a new stake in Trilogy Metals during the fourth quarter worth approximately $615,000. Virtu Financial LLC grew its stake in Trilogy Metals by 85.7% in the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company's stock worth $65,000 after acquiring an additional 61,683 shares during the period. Finally, XTX Topco Ltd raised its holdings in Trilogy Metals by 235.5% in 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. Hedge funds and other institutional investors own 16.75% of the company's stock.

Trilogy Metals Stock Down 1.5 %

Shares of TMQ stock traded down $0.03 during trading hours on Tuesday, hitting $1.63. 231,875 shares of the company were exchanged, compared to its average volume of 542,217. Trilogy Metals Inc. has a 1 year low of $0.39 and a 1 year high of $2.09. The firm has a fifty day moving average of $1.52 and a 200 day moving average of $1.15. The firm has a market cap of $266.40 million, a PE ratio of -32.50 and a beta of 1.54.

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed 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.