Insider Selling: Hycroft Mining (NASDAQ:HYMC) CEO Sells 21,550 Shares of Stock

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

Hycroft Mining Stock Down 0.4%

Shares of NASDAQ:HYMC traded down $0.10 during trading on Monday, hitting $26.33. The stock had a trading volume of 2,251,913 shares, compared to its average volume of 3,671,884. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -22.13 and a beta of 2.62. The stock has a 50-day simple moving average of $36.42 and a two-hundred day simple moving average of $32.57.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Institutional Trading of Hycroft Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC grew its holdings in Hycroft Mining by 1,666.7% during the fourth 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. Bank of America Corp DE grew its holdings in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Hycroft Mining during the first quarter worth about $34,000. Hollencrest Capital Management acquired a new stake in Hycroft Mining during the first quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Hycroft Mining during the first quarter worth about $44,000. 7.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining presently has a consensus rating of “Sell”.

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.