Trilogy Metals (NYSEAMERICAN:TMQ) Stock Passes Above 50-Day Moving Average - Should You Sell?

Shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.40 and traded as high as $1.43. Trilogy Metals shares last traded at $1.36, with a volume of 357,204 shares traded.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial restated a "market perform" rating on shares of Trilogy Metals in a report on Monday, March 24th.

Trilogy Metals Trading Down 0.4%

The company has a market cap of $229.11 million, a P/E ratio of -27.90 and a beta of 1.12. The business has a 50 day moving average price of $1.40 and a 200-day moving average price of $1.27.

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds have recently bought and sold shares of the stock. Birchbrook Inc. lifted its holdings in shares of Trilogy Metals by 25.0% during the first 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. DLD Asset Management LP bought a new position in Trilogy Metals during the first quarter worth about $388,000. Old West Investment Management LLC raised its stake in Trilogy Metals by 61.1% in the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company's stock worth $19,611,000 after purchasing an additional 4,781,670 shares in the last quarter. Bornite Capital Management LP raised its stake in Trilogy Metals by 42.9% in the 1st quarter. Bornite Capital Management LP now owns 1,000,000 shares of the mining company's stock worth $1,550,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Trilogy Metals in the 1st quarter valued at about $83,000. 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.