Hycroft Mining (NASDAQ:HYMC) SVP Sells $271,350.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.15, for a total value of $271,350.00. Following the sale, the senior vice president owned 193,374 shares in the company, valued at $5,830,226.10. The trade was a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hycroft Mining Price Performance

NASDAQ HYMC traded down $0.10 during trading hours on Monday, reaching $26.33. 2,251,913 shares of the stock traded hands, compared to its average volume of 3,671,884. 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 Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -22.13 and a beta of 2.62.

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 analysts’ consensus estimates of ($0.09) by ($0.45).

Analysts Set New Price Targets

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

Institutional Trading of Hycroft Mining

Large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in shares of Hycroft Mining in the first quarter worth about $34,000. Hollencrest Capital Management bought a new stake in shares of Hycroft Mining in the first quarter worth about $35,000. FNY Investment Advisers LLC grew its stake in shares of Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in shares of Hycroft Mining in the first quarter worth about $44,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Hycroft Mining in the first quarter worth about $49,000. 7.38% of the stock is owned by institutional investors.

About Hycroft Mining

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.