David Brian Thomas Sells 15,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 15,000 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $21.21, for a total value of $318,150.00. Following the completion of the transaction, the senior vice president directly owned 81,070 shares of the company’s stock, valued at approximately $1,719,494.70. The trade was a 15.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David Brian Thomas also recently made the following trade(s):

• On Thursday, October 23rd, David Brian Thomas sold 20,000 shares of Hycroft Mining stock. The shares were sold at an average price of $7.39, for a total transaction of $147,800.00.

Hycroft Mining Stock Performance

Shares of HYMC opened at $23.77 on Friday. The firm has a market capitalization of $1.97 billion, a PE ratio of -14.67 and a beta of 2.63. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The firm has a 50-day moving average price of $12.83 and a 200 day moving average price of $7.60. Hycroft Mining Holding Corporation has a 52-week low of $2.00 and a 52-week high of $29.80.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Investors Weigh In On Hycroft Mining

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Virtu Financial LLC increased its stake in Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after purchasing an additional 2,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after buying an additional 3,146 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Hycroft Mining during the 3rd quarter worth about $96,000. Finally, BNP Paribas Financial Markets lifted its stake in Hycroft Mining by 5,537.0% during the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock valued at $201,000 after buying an additional 31,838 shares in the last quarter. 7.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hycroft Mining Company Profile

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.