Hycroft Mining Holding Co. (NASDAQ:HYMC) CFO Stanton K. Rideout Acquires 55,000 Shares

Hycroft Mining Holding Co. (NASDAQ:HYMC) CFO Stanton K. Rideout purchased 55,000 shares of the business’s stock in a transaction on Tuesday, June 8th. The shares were bought at an average cost of $3.50 per share, with a total value of $192,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ:HYMC opened at $3.64 on Friday. The company has a market capitalization of $218.04 million, a price-to-earnings ratio of -0.96 and a beta of -0.12. The company has a quick ratio of 2.69, a current ratio of 3.38 and a debt-to-equity ratio of 19.31. The firm’s 50-day moving average is $3.84. Hycroft Mining Holding Co. has a 52-week low of $3.36 and a 52-week high of $16.17.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Sunday, May 16th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.35. Hycroft Mining had a negative return on equity of 11,749.73% and a negative net margin of 196.13%. On average, equities analysts anticipate that Hycroft Mining Holding Co. will post -0.53 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in shares of Hycroft Mining in the fourth quarter worth about $97,000. BCJ Capital Management LLC bought a new position in shares of Hycroft Mining in the first quarter worth about $46,000. Warberg Asset Management LLC bought a new position in shares of Hycroft Mining in the fourth quarter worth about $104,000. Bank of New York Mellon Corp boosted its stake in shares of Hycroft Mining by 111.5% in the fourth quarter. Bank of New York Mellon Corp now owns 25,595 shares of the company’s stock worth $201,000 after acquiring an additional 13,492 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Hycroft Mining in the fourth quarter worth about $116,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver producer in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2020, its Hycroft mine had proven and probable mineral reserves of 11.9 million ounces of gold, and 478.5 million ounces of silver.

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