Trilogy Metals (NYSEAMERICAN:TMQ) Shares Pass Above Fifty Day Moving Average - What's Next?

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analyst Upgrades and Downgrades

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

Trilogy Metals Stock Performance

The stock has a market capitalization of $223.37 million, a price-to-earnings ratio of -27.20 and a beta of 1.12. The company has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.25.

Institutional Investors Weigh In On Trilogy Metals

A number of institutional investors have recently made changes to their positions in TMQ. XTX Topco Ltd raised its stake in Trilogy Metals by 235.5% during the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock worth $56,000 after buying an additional 33,636 shares during the period. Birchbrook Inc. raised its stake 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 during the period. Virtu Financial LLC purchased a new stake in shares of Trilogy Metals in the first quarter worth approximately $83,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Trilogy Metals in the fourth quarter worth approximately $119,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Trilogy Metals in the fourth quarter worth approximately $221,000. 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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