Hycroft Mining Holding Co. (NASDAQ:HYMC) Major Stockholder Sells $6,350,000.00 in Shares

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Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) largest shareholder Eric Sprott sold 5,000,000 shares of Hycroft Mining shares in a trade on Friday, June 24. The stock was sold at an average price of $1.27, for a total value of $6,350,000.00. Following the sale, the insider now owns 18,408,240 shares of the company, valued at $23,378,464.80. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Major shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

HYMC was down $0.03 during Monday trading hours, hitting $1.24. The stock recorded a trading volume of 6,857,389 shares, compared to an average volume of 31,122,379 shares. The company’s fifty-day simple moving average is $1.36 and its 200-day simple moving average is $1.07. Hycroft Mining Holding Co. has a 1-year low of $0.28 and a 1-year high of $3.22. The stock has a market capitalization of $244.32 million, a PE ratio of -0.78 and a beta of 1.87. The company has a quick ratio of 11.74, a current ratio of 12.47 and a debt ratio of 1.38.

Hycroft Mining (NASDAQ:HYMC – Get Rating) last reported quarterly earnings data on Thursday, March 31. The company reported ($0.78) earnings per share for the quarter. The company had revenue of $24.02 million in the quarter.

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A number of institutional investors and hedge funds have recently changed their positions in the stock. Renaissance Technologies LLC increased its stake in Hycroft Mining by 781.3% during the 1st quarter. Renaissance Technologies LLC now owns 773,800 shares of the company valued at $1,780,000 after purchasing an additional 686,000 shares last quarter. Citigroup Inc. bought a new position in Hycroft Mining during Q1 worth approximately $493,000. PEAK6 Investments LLC bought a new position in Hycroft Mining during Q1 worth approximately $201,000. Truist Financial Corp bought a new position in Hycroft Mining during Q1 worth around $115,000. Finally, Deltec Asset Management LLC bought a new position in Hycroft Mining during Q4, valued at around $31,000. 76.40% of the shares are held by institutional investors.

Hycroft Mining Company Profile (Get an assessment)

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 which covers an area of ​​approximately 70,671 acres located in the State of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold and 446.0 million ounces of silver.

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Insider buying and selling by quarter for Hycroft Mining (NASDAQ:HYMC)

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