Insider Buying: Hycroft Mining Holding Corporation (NASDAQ:HYMC) Major Shareholder Acquires 6,350,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 6,350,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $3.50 per share, with a total value of $22,225,000.00. Following the completion of the acquisition, the insider now directly owns 8,190,824 shares in the company, valued at approximately $28,667,884. This represents a 344.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Hycroft Mining Trading Up 2.7%

HYMC stock traded up $0.09 during midday trading on Wednesday, hitting $3.24. The company had a trading volume of 681,971 shares, compared to its average volume of 289,628. The stock has a market cap of $80.81 million, a price-to-earnings ratio of -1.52 and a beta of 2.21. Hycroft Mining Holding Corporation has a 52 week low of $1.95 and a 52 week high of $4.70. The stock's 50 day moving average price is $3.35 and its 200 day moving average price is $2.78.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.04).

Institutional Trading of Hycroft Mining

A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new stake in shares of Hycroft Mining during the fourth quarter valued at approximately $1,919,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hycroft Mining by 11.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company's stock valued at $1,490,000 after purchasing an additional 47,385 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hycroft Mining by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 204,018 shares of the company's stock worth $451,000 after purchasing an additional 6,429 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Hycroft Mining by 14.8% in the 4th quarter. Renaissance Technologies LLC now owns 86,679 shares of the company's stock worth $192,000 after purchasing an additional 11,200 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Hycroft Mining by 55.8% in the fourth quarter. Northern Trust Corp now owns 42,241 shares of the company's stock worth $93,000 after buying an additional 15,124 shares during the last quarter. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.