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

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott purchased 6,350,000 shares of Hycroft Mining stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of $3.50 per share, with a total value of $22,225,000.00. Following the acquisition, the insider now owns 8,190,824 shares of the company's stock, valued at approximately $28,667,884. This trade represents a 344.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Price Performance

Shares of HYMC traded up $0.24 during trading hours on Friday, reaching $3.35. 1,539,732 shares of the company's stock traded hands, compared to its average volume of 245,619. The firm has a market capitalization of $83.68 million, a price-to-earnings ratio of -1.57 and a beta of 2.21. The business's fifty day simple moving average is $3.36 and its two-hundred day simple moving average is $2.79. Hycroft Mining Holding Corporation has a twelve month low of $1.95 and a twelve month high of $4.70.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Hycroft Mining by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 204,018 shares of the company's stock valued at $451,000 after acquiring an additional 6,429 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Hycroft Mining by 40.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company's stock valued at $69,000 after purchasing an additional 9,000 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $192,000 after purchasing an additional 11,200 shares during the period. Northern Trust Corp boosted its position in shares of Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company's stock valued at $93,000 after purchasing an additional 15,124 shares during the period. Finally, Jane Street Group LLC purchased a new position in Hycroft Mining in the 1st quarter worth about $124,000. Institutional investors and hedge funds own 7.38% of the company's stock.

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.