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

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,071 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the sale, the senior vice president 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hycroft Mining Trading Up 2.4%

Shares of NASDAQ:HYMC traded up $0.96 on Tuesday, hitting $40.28. The company had a trading volume of 2,664,993 shares, compared to its average volume of 4,480,261. The company has a market cap of $3.67 billion, a PE ratio of -24.86 and a beta of 2.58. The business has a 50 day moving average of $40.40 and a 200 day moving average of $21.12. Hycroft Mining Holding Corporation has a 52-week low of $2.30 and a 52-week high of $58.73.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Centiva Capital LP bought a new position in shares of Hycroft Mining in the 3rd quarter valued at approximately $284,000. Sprott Inc. boosted its holdings in Hycroft Mining by 11.7% in the 3rd quarter. Sprott Inc. now owns 816,253 shares of the company’s stock valued at $5,061,000 after purchasing an additional 85,490 shares during the period. LM Asset IM Inc. bought a new position in Hycroft Mining during the second quarter valued at about $1,189,000. Quantbot Technologies LP acquired a new position in shares of Hycroft Mining in the third quarter valued at $281,000. Finally, L1 Global Manager Pty Ltd acquired a new position in shares of Hycroft Mining in the 4th quarter valued at $128,000. 7.38% of the stock is 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.