Hycroft Mining (NASDAQ:HYMC) Trading 0.4% Higher – Still a Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC) rose 0.4% on Wednesday . The stock traded as high as $2.39 and last traded at $2.33. Approximately 64,498 shares changed hands 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 Price Performance

The business has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.57.

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

Institutional Investors Weigh In On Hycroft Mining

A number of hedge funds have recently bought and sold shares of the company. Waldron Private Wealth LLC increased its stake in shares of Hycroft Mining by 58.2% in the second 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 period. Virtu Financial LLC lifted its holdings in shares of Hycroft Mining by 59.9% during the third quarter. Virtu Financial LLC now owns 27,305 shares of the company’s stock worth $68,000 after buying an additional 10,228 shares during the last quarter. Fore Capital LLC acquired a new stake in shares of Hycroft Mining in the second quarter worth $96,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Hycroft Mining in the second quarter worth $139,000. Finally, Renaissance Technologies LLC raised its stake in Hycroft Mining by 95.1% during the 2nd quarter. Renaissance Technologies LLC now owns 74,279 shares of the company’s stock valued at $178,000 after purchasing an additional 36,200 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors.

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.