Hycroft Mining (NASDAQ:HYMC) SVP Rebecca Jennings Sells 30,084 Shares

Key Points

• Rebecca Jennings, SVP of Hycroft Mining, sold 30,084 shares at an average price of $6.57, reducing her holdings by 23.12% to approximately 100,024 shares.
• Following the sale, Hycroft Mining shares dropped 2.6% to $6.03, with a trading volume of 897,586 shares compared to its average volume of 993,208.
• Several institutional investors have recently increased their stakes in Hycroft Mining, including Northern Trust Corp, which boosted its holdings by 55.8% during the last quarter.

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP Rebecca Jennings sold 30,084 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.57, for a total transaction of $197,651.88. Following the transaction, the senior vice president owned 100,024 shares in the company, valued at approximately $657,157.68. The trade was a 23.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hycroft Mining Stock Down 2.6%

Shares of NASDAQ:HYMC traded down $0.16 during trading on Tuesday, reaching $6.03. The stock had a trading volume of 897,586 shares, compared to its average volume of 993,208. The firm's 50-day simple moving average is $4.16 and its 200 day simple moving average is $3.52. Hycroft Mining Holding Corporation has a one year low of $1.99 and a one year high of $6.75.

Institutional Investors Weigh In On Hycroft Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Hycroft Mining by 55.8% during the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company's stock worth $93,000 after purchasing an additional 15,124 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Hycroft Mining during the second quarter worth about $101,000. Jane Street Group LLC acquired a new position in Hycroft Mining in the first quarter valued at approximately $124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hycroft Mining in the first quarter valued at approximately $136,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Hycroft Mining in the second quarter valued at approximately $141,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.