Hycroft Mining (NASDAQ:HYMC) CEO Sells $678,825.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CEO Diane Garrett sold 21,550 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $31.50, for a total transaction of $678,825.00. Following the completion of the transaction, the chief executive officer owned 928,352 shares in the company, valued at $29,243,088. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hycroft Mining Price Performance

Shares of Hycroft Mining stock opened at $22.98 on Thursday. Hycroft Mining Holding Corporation has a fifty-two week low of $2.93 and a fifty-two week high of $58.73. The firm has a fifty day moving average price of $36.01 and a two-hundred day moving average price of $32.87. The company has a market cap of $2.10 billion, a PE ratio of -19.31 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings results on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hycroft Mining has an average rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new position in shares of Hycroft Mining during the 1st quarter worth about $34,000. Hollencrest Capital Management bought a new position in shares of Hycroft Mining during the 1st quarter worth about $35,000. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Legacy Wealth Managment LLC ID bought a new position in shares of Hycroft Mining during the 1st quarter worth about $44,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Hycroft Mining during the 1st quarter worth about $49,000. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Company Profile

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.