Hycroft Mining Holding Corporation (NASDAQ:HYMC) Major Shareholder Acquires $22,225,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 6,350,000 shares of the stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $3.50 per share, with a total value of $22,225,000.00. Following the completion of the acquisition, the insider now directly owns 8,190,824 shares in the company, valued at approximately $28,667,884. This trade represents a 344.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Hycroft Mining Trading Down 1.3%

Shares of HYMC stock opened at $3.11 on Friday. Hycroft Mining Holding Corporation has a twelve month low of $1.95 and a twelve month high of $4.70. The stock has a market capitalization of $77.69 million, a price-to-earnings ratio of -1.46 and a beta of 2.21. The stock has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $2.79.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results 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).

Institutional Investors Weigh In On Hycroft Mining

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Hycroft Mining in the 4th quarter worth $92,000. Avantax Advisory Services Inc. raised its position in shares of Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock worth $69,000 after acquiring an additional 9,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hycroft Mining by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 204,018 shares of the company’s stock worth $451,000 after acquiring an additional 6,429 shares in the last quarter. Renaissance Technologies LLC increased its position in Hycroft Mining by 14.8% during the 4th 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 in the last quarter. Finally, Northern Trust Corp increased its position in 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 buying 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.