Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director Sells $87,000.00 in Stock

Key Points

• Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals Inc. at an average price of $1.74, resulting in a total value of $87,000.
• Following the sale, Hensley's ownership in the company decreased by 25.82%, leaving him with 143,638 shares valued at approximately $249,930.
• Trilogy Metals has a market capitalization of $261.14 million and a 52-week stock price range of $0.47 to $2.09.

Trilogy Metals Inc. (NYSEAMERICAN:TMQ - Get Free Report) Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction on Wednesday, July 30th. The shares were 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 in the company, valued at $249,930.12. This represents a 25.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Trilogy Metals Price Performance

Shares of NYSEAMERICAN TMQ traded down $0.04 during trading hours on Tuesday, hitting $1.56. 92,961 shares of the company's stock were exchanged, compared to its average volume of 564,352. Trilogy Metals Inc. has a 1-year low of $0.47 and a 1-year high of $2.09. The stock has a market capitalization of $255.39 million, a price-to-earnings ratio of -31.10 and a beta of 1.17. The company's 50-day moving average price is $1.51 and its 200-day moving average price is $1.42.

Trilogy Metals (NYSEAMERICAN:TMQ - Get Free Report) last issued 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). On average, research analysts expect that Trilogy Metals Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd increased its position in shares of Trilogy Metals by 235.5% in the fourth 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 during the last quarter. Birchbrook Inc. grew its holdings in 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 purchasing an additional 10,000 shares during the period. Virtu Financial LLC bought a new position in Trilogy Metals during the first quarter worth about $83,000. Total Wealth Planning & Management Inc. bought a new position in Trilogy Metals during the fourth quarter worth about $119,000. Finally, Legacy Capital Group California Inc. bought a new position in Trilogy Metals during the first quarter worth about $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.