Rebecca Jennings Sells 9,071 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,071 shares of Hycroft Mining stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total value of $356,762.43. Following the transaction, the senior vice president directly owned 215,794 shares of the company’s stock, valued at approximately $8,487,178.02. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hycroft Mining Stock Performance

Shares of NASDAQ:HYMC opened at $36.24 on Thursday. The company’s fifty day moving average is $40.53 and its 200-day moving average is $21.23. Hycroft Mining Holding Corporation has a 52 week low of $2.30 and a 52 week high of $58.73. The company has a market capitalization of $3.30 billion, a PE ratio of -22.37 and a beta of 2.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One 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

Several institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in Hycroft Mining in the fourth quarter worth $3,328,000. Virtu Financial LLC increased its stake in shares of Hycroft Mining by 194.6% in the fourth quarter. Virtu Financial LLC now owns 47,208 shares of the company’s stock valued at $1,122,000 after buying an additional 31,185 shares in the last quarter. Regal Partners Ltd acquired a new stake in shares of Hycroft Mining in the fourth quarter valued at $7,480,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Hycroft Mining in the fourth quarter valued at about $52,000. Finally, Millennium Management LLC raised its holdings in shares of Hycroft Mining by 61.6% in the fourth quarter. Millennium Management LLC now owns 571,526 shares of the company’s stock valued at $13,585,000 after buying an additional 217,866 shares during the last quarter. Institutional investors own 7.38% of the company’s stock.

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.