Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William L. Iggiagruk Hensley Sells 50,000 Shares

Trilogy Metals Inc. (NYSEAMERICAN:TMQ) Director William L. Iggiagruk Hensley sold 50,000 shares of the 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 directly owned 143,638 shares of the company’s stock, valued at approximately $249,930.12. This trade represents a 25.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Trilogy Metals Price Performance

Shares of TMQ opened at $1.59 on Friday. Trilogy Metals Inc. has a 1 year low of $0.47 and a 1 year high of $2.09. The stock’s fifty day moving average price is $1.51 and its two-hundred day moving average price is $1.42. The firm has a market cap of $261.14 million, a PE ratio of -31.80 and a beta of 1.17.

Trilogy Metals (NYSEAMERICAN:TMQ) last announced its quarterly earnings data on Thursday, July 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Sell-side analysts anticipate that Trilogy Metals Inc. will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Trilogy Metals

Several hedge funds and other institutional investors have recently modified their holdings of TMQ. XTX Topco Ltd raised its stake in shares of Trilogy Metals by 235.5% during the 4th quarter. XTX Topco Ltd now owns 47,920 shares of the mining company’s stock valued at $56,000 after purchasing an additional 33,636 shares during the period. Birchbrook Inc. grew its holdings in Trilogy Metals by 25.0% during the 1st quarter. Birchbrook Inc. now owns 50,000 shares of the mining company’s stock valued at $78,000 after buying an additional 10,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Trilogy Metals during the first quarter valued at about $83,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Trilogy Metals in the fourth quarter worth about $119,000. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Trilogy Metals in the first quarter worth about $232,000. 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.