Insider Selling: Hycroft Mining Holding Co. (NASDAQ:HYMC) CEO Sells 8,193 Shares of Stock

Hycroft Mining Holding Co. (NASDAQ:HYMC) CEO Diane R. Garrett sold 8,193 shares of Hycroft Mining stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $2.99, for a total transaction of $24,497.07. Following the transaction, the chief executive officer now owns 244,450 shares in the company, valued at approximately $730,905.50. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hycroft Mining Stock Performance

NASDAQ HYMC opened at $2.79 on Wednesday. Hycroft Mining Holding Co. has a twelve month low of $1.95 and a twelve month high of $3.95. The stock has a market cap of $69.70 million, a price-to-earnings ratio of -1.31 and a beta of 2.34. The firm’s 50 day moving average price is $3.17 and its two-hundred day moving average price is $2.63.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.04).

Hedge Funds Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Hycroft Mining during the 1st quarter valued at $124,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hycroft Mining by 11.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after acquiring an additional 47,385 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Hycroft Mining during the 1st quarter valued at $136,000. Tidal Investments LLC purchased a new position in shares of Hycroft Mining during the 4th quarter valued at $1,919,000. Finally, Northern Trust Corp grew its holdings in shares of Hycroft Mining by 55.8% during 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 in the last quarter. 7.38% of the stock is currently 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.