Hycroft Mining (NASDAQ:HYMC) Trading Down 11.6%

Shares of Hycroft Mining Holding Co. (NASDAQ:HYMCGet Rating) were down 11.6% during mid-day trading on Monday . The stock traded as low as $0.71 and last traded at $0.71. Approximately 1,584,785 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 18,736,459 shares. The stock had previously closed at $0.81.

Hycroft Mining Stock Down 11.6 %

The company has a market cap of $142.76 million, a price-to-earnings ratio of -0.61 and a beta of 1.86. The company has a current ratio of 9.94, a quick ratio of 9.24 and a debt-to-equity ratio of 1.87. The firm’s fifty day moving average price is $0.69 and its 200-day moving average price is $0.96.

Hycroft Mining (NASDAQ:HYMCGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. Hycroft Mining had a negative net margin of 205.63% and a negative return on equity of 192.29%. The firm had revenue of $8.76 million during the quarter.

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Hycroft Mining by 10.4% in the 1st quarter. State Street Corp now owns 112,520 shares of the company’s stock valued at $259,000 after acquiring an additional 10,607 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in Hycroft Mining by 33.8% during the 1st quarter. Cantor Fitzgerald L. P. now owns 59,395 shares of the company’s stock worth $137,000 after buying an additional 15,000 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in Hycroft Mining during the 1st quarter worth about $53,000. Goldman Sachs Group Inc. bought a new stake in Hycroft Mining during the 2nd quarter worth about $31,000. Finally, Buckingham Strategic Partners bought a new stake in Hycroft Mining during the 1st quarter worth about $69,000. 61.32% of the stock is owned by institutional investors.

Hycroft Mining Company Profile

(Get Rating)

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 covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver.

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