DLD Asset Management LP Acquires New Position in Trilogy Metals Inc. $TMQ

DLD Asset Management LP acquired a new stake in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 250,000 shares of the mining company’s stock, valued at approximately $388,000. DLD Asset Management LP owned 0.15% of Trilogy Metals at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Old West Investment Management LLC grew its stake in shares of Trilogy Metals by 61.1% during the 1st quarter. Old West Investment Management LLC now owns 12,611,879 shares of the mining company’s stock valued at $19,611,000 after acquiring an additional 4,781,670 shares during the period. Wexford Capital LP grew its stake in shares of Trilogy Metals by 15.5% during the 4th quarter. Wexford Capital LP now owns 5,282,761 shares of the mining company’s stock valued at $6,128,000 after acquiring an additional 708,469 shares during the period. Tidal Investments LLC grew its stake in shares of Trilogy Metals by 73.5% during the 4th quarter. Tidal Investments LLC now owns 1,848,427 shares of the mining company’s stock valued at $2,144,000 after acquiring an additional 782,929 shares during the period. Goehring & Rozencwajg Associates LLC grew its stake in shares of Trilogy Metals by 0.8% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,402,797 shares of the mining company’s stock valued at $2,282,000 after acquiring an additional 10,600 shares during the period. Finally, Bornite Capital Management LP grew its stake in shares of Trilogy Metals by 42.9% during the 1st quarter. Bornite Capital Management LP now owns 1,000,000 shares of the mining company’s stock valued at $1,550,000 after acquiring an additional 300,000 shares during the period. 16.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director William L. Iggiagruk Hensley sold 50,000 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00. Following the sale, the director owned 143,638 shares in the company, valued at approximately $249,930.12. This represents a 25.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.20% of the company’s stock.

Trilogy Metals Price Performance

TMQ stock opened at $2.14 on Friday. Trilogy Metals Inc. has a 1-year low of $0.47 and a 1-year high of $2.16. The company has a market capitalization of $351.58 million, a price-to-earnings ratio of -42.80 and a beta of 1.19. The business has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.53.

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

Trilogy Metals 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.