Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) shares traded up 1.9% on Monday . The stock traded as high as $3.20 and last traded at $3.20. 682,752 shares changed hands during trading, an increase of 155% from the average session volume of 268,052 shares. The stock had previously closed at $3.14.
Hycroft Mining Stock Performance
The stock has a market capitalization of $97.92 million, a PE ratio of -1.84 and a beta of 2.19. The firm's 50 day moving average is $3.30 and its two-hundred day moving average is $2.90.
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).
Insider Transactions at Hycroft Mining
In other news, major shareholder Eric Sprott bought 6,350,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $3.50 per share, for a total transaction of $22,225,000.00. Following the completion of the transaction, the insider owned 8,190,824 shares of the company's stock, valued at approximately $28,667,884. This trade represents a 344.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 47,906 shares of company stock valued at $149,078 in the last ninety days. Company insiders own 1.21% of the company's stock.
Institutional Trading of Hycroft Mining
A number of hedge funds and other institutional investors have recently made changes to their positions in HYMC. Tidal Investments LLC acquired a new position in Hycroft Mining in the 4th quarter valued at about $1,919,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hycroft Mining by 11.5% in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hycroft Mining in the 1st quarter valued at approximately $136,000. Jane Street Group LLC purchased a new stake in Hycroft Mining in the 1st quarter valued at approximately $124,000. Finally, Northern Trust Corp boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 7.38% of the company's stock.
Hycroft Mining Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Hycroft Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hycroft Mining wasn't on the list.
While Hycroft Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
