Hycroft Mining (NASDAQ:HYMC) Trading 2.8% Higher

Hycroft Mining Holding Co. (NASDAQ:HYMC)’s share price traded up 2.8% during mid-day trading on Wednesday . The company traded as high as $2.58 and last traded at $2.53. 100,487 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 290,272 shares. The stock had previously closed at $2.46.

Hycroft Mining Price Performance

The business’s 50-day moving average price is $2.35 and its 200 day moving average price is $2.79. The company has a debt-to-equity ratio of 11.27, a current ratio of 7.30 and a quick ratio of 7.11.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.06).

Hedge Funds Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of HYMC. Cubist Systematic Strategies LLC bought a new stake in shares of Hycroft Mining in the 2nd quarter valued at about $139,000. Fore Capital LLC bought a new stake in shares of Hycroft Mining in the second quarter worth about $96,000. Renaissance Technologies LLC increased its holdings 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 period. Avantax Advisory Services Inc. bought a new position in Hycroft Mining during the 1st quarter valued at approximately $33,000. Finally, Waldron Private Wealth LLC lifted its holdings in 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 buying an additional 8,881 shares during the period. Hedge funds and other institutional investors 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.