Hycroft Mining (NASDAQ:HYMC) Shares Up 0.4% – Time to Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC) shares rose 0.4% during mid-day trading on Wednesday . The company traded as high as $2.39 and last traded at $2.33. Approximately 64,498 shares were traded during trading, a decline of 77% from the average daily volume of 286,496 shares. The stock had previously closed at $2.32.

Hycroft Mining Stock Up 0.4 %

The company has a fifty day moving average of $2.47 and a 200 day moving average of $2.58.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.10).

Institutional Trading of Hycroft Mining

Several large investors have recently modified their holdings of HYMC. Waldron Private Wealth LLC raised its holdings in shares of Hycroft Mining by 58.2% during the second quarter. Waldron Private Wealth LLC now owns 24,129 shares of the company’s stock valued at $58,000 after purchasing an additional 8,881 shares during the period. Fore Capital LLC acquired a new position in Hycroft Mining during the 2nd quarter worth approximately $96,000. Renaissance Technologies LLC boosted its holdings in Hycroft Mining by 95.1% in the second quarter. Renaissance Technologies LLC now owns 74,279 shares of the company’s stock worth $178,000 after acquiring an additional 36,200 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hycroft Mining in the second quarter valued at approximately $139,000. Finally, Geode Capital Management LLC increased its holdings in shares of Hycroft Mining by 12.7% during the third quarter. Geode Capital Management LLC now owns 197,589 shares of the company’s stock valued at $494,000 after acquiring an additional 22,302 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

About Hycroft Mining

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.