Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells 9,071 Shares of Stock

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

Hycroft Mining Stock Up 2.4%

HYMC traded up $0.96 during trading on Tuesday, hitting $40.28. The company’s stock had a trading volume of 2,664,993 shares, compared to its average volume of 4,480,261. The business’s 50 day simple moving average is $40.40 and its 200-day simple moving average is $21.12. The firm has a market cap of $3.67 billion, a PE ratio of -24.86 and a beta of 2.58. Hycroft Mining Holding Corporation has a one year low of $2.30 and a one year high of $58.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hycroft Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 1,666.7% in the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Bank of America Corp DE raised its holdings in Hycroft Mining by 166.6% in the 3rd 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. Garton & Associates Financial Advisors LLC acquired a new position in Hycroft Mining in the 4th quarter valued at about $52,000. Wells Fargo & Company MN acquired a new stake in shares of Hycroft Mining during the fourth quarter valued at about $71,000. Finally, Kestra Advisory Services LLC purchased a new stake in Hycroft Mining during the fourth quarter worth about $81,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

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.