Insider Selling: Hycroft Mining (NASDAQ:HYMC) Director Sells $51,594.83 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) Director Marni Wieshofer sold 3,859 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $13.37, for a total transaction of $51,594.83. Following the sale, the director owned 70,125 shares in the company, valued at $937,571.25. This represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hycroft Mining Stock Down 2.5%

NASDAQ:HYMC traded down $0.33 on Monday, hitting $13.07. 2,546,110 shares of the company’s stock traded hands, compared to its average volume of 752,310. The company has a market cap of $1.06 billion, a PE ratio of -8.07 and a beta of 2.71. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $14.34. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The firm has a 50-day moving average price of $9.11 and a 200-day moving average price of $5.96.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Investors Weigh In On Hycroft Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after acquiring an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Hycroft Mining in the 3rd quarter valued at about $96,000. Virtu Financial LLC grew its position in shares of Hycroft Mining by 20.3% during the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after buying an additional 2,700 shares during the period. XTX Topco Ltd bought a new stake in shares of Hycroft Mining during the second quarter worth approximately $101,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Hycroft Mining by 5,537.0% during the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock worth $201,000 after buying an additional 31,838 shares during the last quarter. Institutional investors own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

HYMC has been the topic of several recent research reports. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining currently has an average rating of “Sell”.

About Hycroft Mining

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.