Trilogy Metals (NYSEAMERICAN:TMQ) Releases Earnings Results, Hits Estimates

Trilogy Metals (NYSEAMERICAN:TMQGet Free Report) posted its quarterly earnings data on Friday. The mining company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01), Zacks reports.

Trilogy Metals Price Performance

TMQ stock opened at $0.47 on Friday. Trilogy Metals has a twelve month low of $0.39 and a twelve month high of $0.69. The company has a market cap of $73.61 million, a P/E ratio of -4.72 and a beta of 1.30.

Insider Activity at Trilogy Metals

In related news, CFO Elaine Sanders sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $0.42, for a total transaction of $42,000.00. Following the completion of the transaction, the chief financial officer now owns 2,664,233 shares of the company’s stock, valued at approximately $1,118,977.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Trilogy Metals

Several institutional investors have recently added to or reduced their stakes in TMQ. Bank of Montreal Can purchased a new stake in Trilogy Metals during the 1st quarter valued at $36,000. Acadian Asset Management LLC purchased a new position in shares of Trilogy Metals in the 1st quarter worth $35,000. Virtu Financial LLC purchased a new position in shares of Trilogy Metals in the 1st quarter worth $29,000. Millennium Management LLC boosted its stake in shares of Trilogy Metals by 56.1% in the 4th quarter. Millennium Management LLC now owns 466,675 shares of the mining company’s stock worth $257,000 after buying an additional 167,693 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Trilogy Metals in the 4th quarter worth $55,000. 51.07% of the stock is currently owned by hedge funds and other institutional investors.

Trilogy Metals Company Profile

(Get Free Report)

Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. 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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Earnings History for Trilogy Metals (NYSEAMERICAN:TMQ)

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