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

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) shares 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 Ratings Changes

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

Trilogy Metals Price Performance

The firm has a market cap of $204.11 million, a P/E ratio of -24.90 and a beta of 1.54. The stock's 50-day moving average price is $1.52 and its 200 day moving average price is $1.18.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TMQ. Pinnbrook Capital Management LP acquired a new position in Trilogy Metals in the fourth quarter valued at $615,000. Sprott Inc. boosted its holdings in shares of Trilogy Metals by 64.9% during the 4th quarter. Sprott Inc. now owns 2,094,652 shares of the mining company's stock worth $2,430,000 after buying an additional 824,071 shares in the last quarter. Bornite Capital Management LP acquired a new stake in shares of Trilogy Metals during the 4th quarter worth approximately $812,000. XTX Topco Ltd increased its stake in shares of Trilogy Metals by 235.5% in the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company's stock valued at $56,000 after acquiring an additional 33,636 shares in the last quarter. Finally, Foursixthree Capital LP bought a new position in Trilogy Metals during the fourth quarter worth $2,954,000. 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.