Trilogy Metals (NYSEAMERICAN:TMQ) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Trilogy Metals Inc. (NYSEAMERICAN:TMQ) saw its stock price drop below the fifty-day moving average at $1.62, indicating potential selling pressure as it closed lower than the average of $1.64.
• The company reported an earnings per share (EPS) of ($0.01) for the last quarter, consistent with analyst expectations, while projected EPS for the current year is (-0.03).
• Insider transactions included Director William L. Iggiagruk Hensley selling 50,000 shares at an average price of $1.74, marking a significant decrease in his holdings by about 25.82%.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.64 and traded as low as $1.62. Trilogy Metals shares last traded at $1.62, with a volume of 390,301 shares trading hands.

Trilogy Metals Stock Performance

The firm's 50 day moving average price is $1.66 and its two-hundred day moving average price is $1.51. The firm has a market cap of $296.54 million, a PE ratio of -36.10 and a beta of 1.19.

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

Insider Buying and Selling at Trilogy Metals

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the 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 owned 143,638 shares of the company's stock, valued at approximately $249,930.12. This trade represents a 25.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 15.20% of the company's stock.

Institutional Investors Weigh In On Trilogy Metals

Hedge funds have recently added to or reduced their stakes in the business. Birchbrook Inc. lifted its holdings in Trilogy Metals by 25.0% during the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company's stock worth $78,000 after buying an additional 10,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in Trilogy Metals during the 1st quarter worth approximately $83,000. XTX Topco Ltd acquired a new stake in Trilogy Metals during the 2nd quarter worth approximately $115,000. Total Wealth Planning & Management Inc. acquired a new stake in Trilogy Metals during the 4th quarter worth approximately $119,000. Finally, Jane Street Group LLC acquired a new stake in Trilogy Metals during the 2nd quarter worth approximately $154,000. 16.75% of the stock is currently owned by institutional investors and hedge funds.

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.