Shares of Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) dropped 4.2% during mid-day trading on Thursday . The stock traded as low as $0.32 and last traded at $0.32. Approximately 2,288,140 shares were traded during trading, a decline of 20% from the average daily volume of 2,861,023 shares. The stock had previously closed at $0.34.
Hycroft Mining Price Performance
The company has a debt-to-equity ratio of 1.87, a current ratio of 9.94 and a quick ratio of 9.24. The stock has a 50 day moving average price of $0.52 and a two-hundred day moving average price of $0.62. The firm has a market capitalization of $61.93 million, a price-to-earnings ratio of -0.26 and a beta of 1.97.
Get Hycroft Mining alerts:Insider Activity
In other news, major shareholder Mudrick Capital Management, L. sold 155,557 shares of Hycroft Mining stock in a transaction on Friday, January 27th. The stock was sold at an average price of $0.57, for a total value of $88,667.49. Following the completion of the sale, the insider now directly owns 15,992,975 shares of the company's stock, valued at $9,115,995.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 3,685,934 shares of company stock valued at $2,115,849. 0.22% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Hycroft Mining
Institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in Hycroft Mining by 2,207.4% during the 2nd quarter. State Street Corp now owns 2,596,277 shares of the company's stock worth $2,882,000 after purchasing an additional 2,483,757 shares in the last quarter. Renaissance Technologies LLC grew its stake in Hycroft Mining by 302.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,111,100 shares of the company's stock worth $3,453,000 after purchasing an additional 2,337,300 shares in the last quarter. Northern Trust Corp grew its stake in Hycroft Mining by 1,771.2% during the 2nd quarter. Northern Trust Corp now owns 1,240,532 shares of the company's stock worth $1,377,000 after purchasing an additional 1,174,235 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Hycroft Mining during the 4th quarter worth $473,000. Finally, Millennium Management LLC grew its stake in Hycroft Mining by 440.7% during the 4th quarter. Millennium Management LLC now owns 652,936 shares of the company's stock worth $347,000 after purchasing an additional 532,175 shares in the last quarter. 32.07% of the stock is owned by institutional investors and hedge funds.
About Hycroft Mining
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Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.
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