Hycroft Mining (NASDAQ:HYMC) Stock Price Up 5.2% – Here’s Why

Hycroft Mining Holding Co. (NASDAQ:HYMC)’s share price shot up 5.2% during mid-day trading on Friday . The stock traded as high as $3.79 and last traded at $3.63. 396,793 shares were traded during trading, an increase of 72% from the average session volume of 230,638 shares. The stock had previously closed at $3.45.

Hycroft Mining Price Performance

The company’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $2.51. The company has a market capitalization of $90.66 million, a price-to-earnings ratio of -1.36 and a beta of 2.10.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC lifted its position in shares of 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 stake in Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock valued at $69,000 after buying an additional 9,000 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Hycroft Mining during the 4th quarter worth approximately $92,000. Northern Trust Corp boosted its stake 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 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% in the fourth quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock valued at $192,000 after acquiring an additional 11,200 shares in the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

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.