Hycroft Mining (NASDAQ:HYMC) Stock Price Up 1.6% – Time to Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC)’s stock price was up 1.6% on Monday . The company traded as high as $2.64 and last traded at $2.59. Approximately 112,513 shares were traded during trading, a decline of 40% from the average daily volume of 187,524 shares. The stock had previously closed at $2.55.

Hycroft Mining Stock Up 1.6 %

The stock’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.33.

Institutional Investors Weigh In On Hycroft Mining

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Hycroft Mining by 12.7% during the third quarter. Geode Capital Management LLC now owns 197,589 shares of the company’s stock worth $494,000 after purchasing an additional 22,302 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Hycroft Mining in the 2nd quarter worth about $139,000. Renaissance Technologies LLC grew its stake in Hycroft Mining by 95.1% in the 2nd quarter. Renaissance Technologies LLC now owns 74,279 shares of the company’s stock valued at $178,000 after acquiring an additional 36,200 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in Hycroft Mining by 37.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 33,060 shares of the company’s stock valued at $83,000 after acquiring an additional 8,931 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Hycroft Mining by 59.9% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

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.