Hycroft Mining (NASDAQ:HYMC) Trading 5.2% Higher – Still a Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC) shares traded up 5.2% during mid-day trading on Friday . The company traded as high as $3.79 and last traded at $3.63. 396,793 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 230,638 shares. The stock had previously closed at $3.45.

Hycroft Mining Trading Up 5.2 %

The business has a 50 day moving average of $2.87 and a two-hundred day moving average of $2.51. The firm has a market cap of $90.66 million, a P/E ratio of -1.36 and a beta of 2.10.

Hycroft Mining (NASDAQ:HYMC) last posted its earnings results on Wednesday, March 12th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02).

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its position in Hycroft Mining by 59.9% in the third quarter. Virtu Financial LLC now owns 27,305 shares of the company’s stock valued at $68,000 after acquiring an additional 10,228 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Hycroft Mining by 40.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock valued at $69,000 after purchasing an additional 9,000 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Hycroft Mining during the 4th quarter worth approximately $92,000. Northern Trust Corp lifted its stake in Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock valued at $93,000 after purchasing an additional 15,124 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Hycroft Mining by 14.8% in the 4th quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock valued at $192,000 after purchasing an additional 11,200 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

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.