Hycroft Mining (NASDAQ:HYMC) Stock Price Up 6.7% – What’s Next?

Hycroft Mining Holding Co. (NASDAQ:HYMC) shares rose 6.7% during trading on Thursday . The company traded as high as $3.54 and last traded at $3.48. Approximately 249,011 shares were traded 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 Down 12.1 %

The company has a 50-day moving average of $2.65 and a two-hundred day moving average of $2.45. The company has a market capitalization of $76.45 million, a P/E ratio of -1.15 and a beta of 2.11.

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

Institutional Trading of Hycroft Mining

Hedge funds have recently made changes to their positions in the stock. 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 buying an additional 10,228 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Hycroft Mining by 40.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock valued at $69,000 after purchasing an additional 9,000 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Hycroft Mining during the 4th quarter valued at about $92,000. Northern Trust Corp raised its holdings in Hycroft Mining by 55.8% in the fourth quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock worth $93,000 after buying an additional 15,124 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Hycroft Mining by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock valued at $192,000 after buying an additional 11,200 shares during the last quarter. 7.38% of the stock is owned by institutional investors.

About Hycroft Mining

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.