Sprott Inc. Boosts Stock Position in Trilogy Metals Inc. (NYSEAMERICAN:TMQ)

Sprott Inc. increased its position in shares of Trilogy Metals Inc. (NYSEAMERICAN:TMQ) by 64.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,094,652 shares of the mining company’s stock after acquiring an additional 824,071 shares during the period. Sprott Inc.’s holdings in Trilogy Metals were worth $2,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Old West Investment Management LLC lifted its position in shares of Trilogy Metals by 252.7% during the third quarter. Old West Investment Management LLC now owns 10,929,140 shares of the mining company’s stock worth $5,465,000 after purchasing an additional 7,830,209 shares in the last quarter. Wexford Capital LP grew its holdings in shares of Trilogy Metals by 90.2% in the third quarter. Wexford Capital LP now owns 4,574,292 shares of the mining company’s stock valued at $2,214,000 after purchasing an additional 2,169,593 shares in the last quarter. Pinnbrook Capital Management LP purchased a new stake in Trilogy Metals during the 4th quarter worth approximately $615,000. Finally, Virtu Financial LLC lifted its holdings in Trilogy Metals by 85.7% during the 3rd quarter. Virtu Financial LLC now owns 133,678 shares of the mining company’s stock worth $65,000 after buying an additional 61,683 shares in the last quarter. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

Trilogy Metals Stock Performance

Trilogy Metals stock opened at $1.30 on Wednesday. The firm has a market cap of $213.12 million, a PE ratio of -26.00 and a beta of 1.54. Trilogy Metals Inc. has a twelve month low of $0.25 and a twelve month high of $1.76.

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.