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

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 stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Trilogy Metals Price Performance

The business has a fifty day moving average of $1.64 and a 200-day moving average of $1.50. The stock has a market capitalization of $266.07 million, a price-to-earnings ratio of -32.40 and a beta of 1.19.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last released its earnings results on Thursday, July 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). As a group, research analysts anticipate that Trilogy Metals Inc. will post -0.03 EPS for the current year.

Insiders Place Their Bets

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1.74, for a total value of $87,000.00. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.20% of the company's stock.

Hedge Funds Weigh In On Trilogy Metals

Institutional investors have recently bought and sold shares of the stock. Birchbrook Inc. increased its stake in Trilogy Metals by 25.0% in the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company's stock worth $78,000 after purchasing an additional 10,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in Trilogy Metals during the 1st quarter worth about $83,000. XTX Topco Ltd acquired a new stake in Trilogy Metals during the 2nd quarter worth about $115,000. Total Wealth Planning & Management Inc. acquired a new stake in Trilogy Metals during the 4th quarter worth about $119,000. Finally, Jane Street Group LLC acquired a new stake in Trilogy Metals during the 2nd quarter worth about $154,000. 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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