Insider Selling: Hycroft Mining Holding Co. (NASDAQ:HYMC) Major Shareholder Sells 335,393 Shares of Stock

Posted by MarketBeat News on Jan 22nd, 2023

Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) major shareholder Mudrick Capital Management, L. sold 335,393 shares of the business’s stock in a transaction on Friday, January 20th. The shares were sold at an average price of $0.63, for a total transaction of $211,297.59. Following the transaction, the insider now directly owns 17,037,558 shares in the company, valued at $10,733,661.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mudrick Capital Management, L. also recently made the following trade(s):

On Wednesday, January 18th, Mudrick Capital Management, L. sold 242,734 shares of Hycroft Mining stock. The stock was sold at an average price of $0.67, for a total transaction of $162,631.78.
On Wednesday, December 14th, Mudrick Capital Management, L. sold 306,391 shares of Hycroft Mining stock. The stock was sold at an average price of $0.50, for a total transaction of $153,195.50.
On Monday, December 12th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.52, for a total transaction of $260,000.00.
On Friday, December 9th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.52, for a total transaction of $260,000.00.
On Wednesday, December 7th, Mudrick Capital Management, L. sold 500,000 shares of Hycroft Mining stock. The stock was sold at an average price of $0.55, for a total transaction of $275,000.00.
On Monday, December 5th, Mudrick Capital Management, L. sold 706,127 shares of Hycroft Mining stock. The stock was sold at an average price of $0.62, for a total transaction of $437,798.74.
On Friday, December 2nd, Mudrick Capital Management, L. sold 620,033 shares of Hycroft Mining stock. The stock was sold at an average price of $0.66, for a total transaction of $409,221.78.
On Wednesday, November 30th, Mudrick Capital Management, L. sold 713,490 shares of Hycroft Mining stock. The stock was sold at an average price of $0.74, for a total transaction of $527,982.60.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock opened at $0.63 on Friday. The stock has a market cap of $126.57 million, a price-to-earnings ratio of -0.54 and a beta of 1.91. The firm’s 50-day moving average is $0.62 and its 200 day moving average is $0.75. Hycroft Mining Holding Co. has a 1 year low of $0.28 and a 1 year high of $3.10. The company has a debt-to-equity ratio of 1.87, a current ratio of 9.94 and a quick ratio of 9.24.

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

Hedge Funds Weigh In On Hycroft Mining

Hedge funds have recently bought and sold shares of the company. Belvedere Trading LLC bought a new position in Hycroft Mining during the 2nd quarter valued at about $52,000. PEAK6 Investments LLC bought a new position in Hycroft Mining during the 1st quarter valued at about $201,000. Rhumbline Advisers bought a new position in Hycroft Mining during the 2nd quarter valued at about $193,000. JPMorgan Chase & Co. bought a new position in Hycroft Mining during the 2nd quarter valued at about $90,000. Finally, American International Group Inc. bought a new position in Hycroft Mining during the 2nd quarter valued at about $78,000. Institutional investors own 32.07% of the company’s stock.

About Hycroft Mining

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Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.