150,258 Shares in Hycroft Mining Holding Corporation $HYMC Bought by Timelo Investment Management Inc.

Timelo Investment Management Inc. acquired a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,258 shares of the company’s stock, valued at approximately $470,000. Hycroft Mining comprises 0.6% of Timelo Investment Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Timelo Investment Management Inc. owned 0.60% of Hycroft Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Clear Harbor Asset Management LLC bought a new position in Hycroft Mining during the second quarter valued at $141,000. Jane Street Group LLC bought a new position in Hycroft Mining during the first quarter valued at $124,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after purchasing an additional 47,385 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Hycroft Mining during the first quarter valued at $136,000. Institutional investors own 7.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HYMC shares. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated 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, Based on data from MarketBeat, Hycroft Mining has a consensus rating of “Sell”.

Insider Activity

In other news, SVP David Brian Thomas sold 20,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $7.39, for a total value of $147,800.00. Following the sale, the senior vice president owned 96,070 shares of the company’s stock, valued at approximately $709,957.30. This represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Eric Sprott bought 7,690,000 shares of Hycroft Mining stock in a transaction dated Tuesday, October 14th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $49,985,000.00. Following the purchase, the insider owned 25,225,528 shares of the company’s stock, valued at approximately $163,965,932. This trade represents a 43.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.31% of the company’s stock.

Hycroft Mining Trading Down 5.0%

Shares of HYMC opened at $7.66 on Wednesday. Hycroft Mining Holding Corporation has a twelve month low of $1.99 and a twelve month high of $9.75. The company has a market cap of $620.23 million, a P/E ratio of -4.73 and a beta of 2.47. 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 company’s fifty day simple moving average is $6.61 and its 200-day simple moving average is $4.57.

Hycroft Mining (NASDAQ:HYMC) last announced its earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02.

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.