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

Hycroft Mining Holding Co. (NASDAQ:HYMCGet 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.

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. 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

(Get Rating)

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.

See Also

Insider Buying and Selling by Quarter for Hycroft Mining (NASDAQ:HYMC)

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