Trilogy Metals (NYSEAMERICAN:TMQ) Shares Cross Below 50 Day Moving Average - Here's What Happened

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.53 and traded as low as $1.28. Trilogy Metals shares last traded at $1.35, with a volume of 888,543 shares changing hands.

Analyst Upgrades and Downgrades

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

Trilogy Metals Stock Performance

The business has a 50-day simple moving average of $1.52 and a two-hundred day simple moving average of $1.18. The stock has a market cap of $191.81 million, a price-to-earnings ratio of -23.40 and a beta of 1.54.

Institutional Investors Weigh In On Trilogy Metals

Several hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd increased its position 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. Virtu Financial LLC bought a new position in shares of Trilogy Metals in the first quarter worth $83,000. Total Wealth Planning & Management Inc. bought a new position in shares of Trilogy Metals in the fourth quarter worth $119,000. Two Sigma Advisers LP bought a new position in shares of Trilogy Metals in the fourth quarter worth $221,000. Finally, Legacy Capital Group California Inc. bought a new position in shares of Trilogy Metals in the first quarter worth $232,000. Institutional investors and hedge funds own 16.75% of the company's stock.

About Trilogy Metals

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.