Hycroft Mining (NASDAQ:HYMC) Trading Up 6.7% – Should You Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC)’s share price was up 6.7% on Thursday . The stock traded as high as $3.54 and last traded at $3.48. Approximately 249,011 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 292,242 shares. The stock had previously closed at $3.26.

Hycroft Mining Stock Up 6.7 %

The stock has a fifty day simple moving average of $2.63 and a 200 day simple moving average of $2.44. The firm has a market capitalization of $86.94 million, a P/E ratio of -1.31 and a beta of 2.11.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results on Wednesday, March 12th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.02).

Institutional Trading of Hycroft Mining

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC raised its stake in Hycroft Mining by 59.9% during the third quarter. Virtu Financial LLC now owns 27,305 shares of the company’s stock valued at $68,000 after purchasing an additional 10,228 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock worth $69,000 after buying an additional 9,000 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Hycroft Mining during the 4th quarter valued at about $92,000. Northern Trust Corp lifted its holdings in shares of Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock valued at $93,000 after acquiring an additional 15,124 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Hycroft Mining by 14.8% in the fourth quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock worth $192,000 after acquiring an additional 11,200 shares in the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.