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

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

Hycroft Mining Stock Up 0.4 %

The stock’s fifty day simple moving average is $2.47 and its 200-day simple moving average is $2.57.

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

Institutional Trading of Hycroft Mining

Several hedge funds and other institutional investors have recently bought and sold shares of HYMC. Waldron Private Wealth LLC lifted its holdings in shares of Hycroft Mining by 58.2% in the 2nd quarter. Waldron Private Wealth LLC now owns 24,129 shares of the company’s stock worth $58,000 after purchasing an additional 8,881 shares during the last quarter. Virtu Financial LLC lifted 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 worth $68,000 after purchasing an additional 10,228 shares during the period. Fore Capital LLC bought a new stake in shares of Hycroft Mining in the 2nd quarter worth $96,000. Cubist Systematic Strategies LLC bought a new stake in Hycroft Mining in the second quarter worth about $139,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Hycroft Mining by 95.1% in the 2nd quarter. Renaissance Technologies LLC now owns 74,279 shares of the company’s stock worth $178,000 after purchasing an additional 36,200 shares in the last quarter. 7.38% of the stock is owned by 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.