Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Short Interest Update

Key Points

• Trilogy Metals Inc. experienced a significant decrease in short interest of 56.3% during August, bringing the total to 382,100 shares, which represents about 0.4% of the company's shares.
• The company's stock price is currently $2.10, with the shares trading down $0.04 and a market capitalization of $345.01 million.
• Institutional investors have increased their stakes in Trilogy Metals, with Old West Investment Management alone boosting its position by 61.1% in the first quarter.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 382,100 shares, a drop of 56.3% from the August 15th total of 874,700 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 501,100 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 501,100 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company's shares are short sold.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN:TMQ traded down $0.04 during trading on Friday, reaching $2.10. 399,940 shares of the company were exchanged, compared to its average volume of 506,954. The business's fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.53. Trilogy Metals has a 12-month low of $0.47 and a 12-month high of $2.16. The firm has a market capitalization of $345.01 million, a PE ratio of -42.00 and a beta of 1.19.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued its earnings results on Thursday, July 10th. The mining company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). On average, sell-side analysts anticipate that Trilogy Metals will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at Trilogy Metals

In other Trilogy Metals news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $1.74, for a total transaction of $87,000.00. Following the completion of the transaction, the director directly owned 143,638 shares of the company's stock, valued at $249,930.12. The trade was a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.20% of the company's stock.

Institutional Investors Weigh In On Trilogy Metals

Several large investors have recently modified their holdings of the business. Old West Investment Management LLC boosted its stake in shares of Trilogy Metals by 61.1% during the first quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company's stock valued at $19,611,000 after purchasing an additional 4,781,670 shares in the last quarter. TSP Capital Management Group LLC raised its holdings in Trilogy Metals by 17.8% in the second quarter. TSP Capital Management Group LLC now owns 6,152,500 shares of the mining company's stock worth $8,306,000 after purchasing an additional 930,000 shares in the last quarter. Wexford Capital LP lifted its position in shares of Trilogy Metals by 15.5% during the fourth quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company's stock valued at $6,128,000 after buying an additional 708,469 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Trilogy Metals by 73.5% in the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock valued at $2,144,000 after buying an additional 782,929 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in shares of Trilogy Metals by 0.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,402,797 shares of the mining company's stock worth $2,282,000 after buying an additional 10,600 shares during the last quarter. Institutional investors own 16.75% of the company's stock.

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.

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