Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• Trilogy Metals Inc. shares fell below their 50-day moving average of $1.56, trading at $1.54 during the session with a volume of 796,084 shares.
• Director William L. Iggiagruk Hensley sold 50,000 shares at an average price of $1.74, decreasing their ownership by 25.82% and leaving them with approximately 143,638 shares valued at $249,930.12.
• Several institutional investors have recently increased their stakes in Trilogy Metals, with XTX Topco Ltd boosting its stake by 235.5% during the fourth quarter, now holding 47,920 shares valued at $56,000.

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.56 and traded as low as $1.54. Trilogy Metals shares last traded at $1.56, with a volume of 796,084 shares traded.

Trilogy Metals Trading Down 2.5%

The company has a 50-day moving average of $1.56 and a 200-day moving average of $1.45. The firm has a market capitalization of $256.21 million, a P/E ratio of -31.20 and a beta of 1.17.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Research analysts predict that Trilogy Metals Inc. will post -0.03 EPS for the current year.

Insiders Place Their Bets

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 transaction of $87,000.00. Following the completion of the transaction, the director directly owned 143,638 shares in the company, valued at approximately $249,930.12. This trade represents a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trilogy Metals

A number of institutional investors and hedge funds have recently made changes to their positions in TMQ. XTX Topco Ltd boosted its stake in Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock worth $56,000 after purchasing an additional 33,636 shares during the period. Foursixthree Capital LP bought a new stake in shares of Trilogy Metals during the fourth quarter worth $2,954,000. Tidal Investments LLC lifted its position in shares of Trilogy Metals by 73.5% during the fourth quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company's stock worth $2,144,000 after purchasing an additional 782,929 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Trilogy Metals during the fourth quarter valued at $416,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Trilogy Metals in the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 16.75% of the company's stock.

Trilogy Metals Company 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.

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