Hycroft Mining (NASDAQ:HYMC) Trading 1.9% Higher - Here's What Happened

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report)'s share price traded up 1.9% during mid-day trading on Monday . The stock traded as high as $3.20 and last traded at $3.20. 682,752 shares were traded during mid-day 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 firm has a 50 day moving average of $3.30 and a 200-day moving average of $2.88. The stock has a market capitalization of $79.69 million, a PE ratio of -1.50 and a beta of 2.19.

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

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott purchased 6,350,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $3.50 per share, with a total value of $22,225,000.00. Following the purchase, the insider directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 47,906 shares of company stock worth $149,078. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in HYMC. Avantax Advisory Services Inc. raised its stake in shares of Hycroft Mining by 40.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company's stock worth $69,000 after purchasing an additional 9,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Hycroft Mining by 55.8% during the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company's stock valued at $93,000 after acquiring an additional 15,124 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Hycroft Mining during the 1st quarter valued at about $124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hycroft Mining during the 1st quarter valued at about $136,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Hycroft Mining by 14.8% during the 4th quarter. Renaissance Technologies LLC now owns 86,679 shares of the company's stock valued at $192,000 after acquiring an additional 11,200 shares during the last quarter. 7.38% of the stock is owned by hedge funds and other 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.