The Potential Rise in the Price of Hycroft Mining Holding Corporation (HYMC) following insiders activity


Hycroft Mining Holding Corporation’s recently made public that its President & CEO GARRETT DIANE R unloaded Company’s shares for reported $23129.0 on Jun 05. In the deal valued at $0.34 per share,67,629 shares were sold. As a result of this transaction, GARRETT DIANE R now holds 2,125,447 shares worth roughly $ 0.7 million.

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Then, RIDEOUT STANTON K sold 45,621 shares, generating $15,602 in total proceeds. Upon selling the shares at $0.34, the Executive Vice President & CFO now owns 1,099,177 shares.

Before that, RIDEOUT STANTON K sold 2,100 shares. Hycroft Mining Holding Corporation shares valued at $716 were divested by the Executive Vice President & CFO at a price of $0.34 per share. As a result of the transaction, RIDEOUT STANTON K now holds 1,144,798 shares, worth roughly $0.38 million.

Stifel initiated its Hycroft Mining Holding Corporation [HYMC] rating to a Buy in a research note published on Friday, October 23, 2020; the price target was $15. PT values the company’s stock at a premium of 97.8 to its Friday closing price.

Price Performance Review of HYMC

On Friday, Hycroft Mining Holding Corporation [NASDAQ:HYMC] saw its stock fall -4.17% to $0.33. On the same session, the stock had its day’s lowest price of $0.325, but rose to a high of $0.35. Over the last five days, the stock has lost -7.37%. Hycroft Mining Holding Corporation shares have fallen nearly -37.87% since the year began. Nevertheless, the stocks have fallen -61.31% over the past one year. While a 52-week high of $1.10 was reached on 01/13/23, a 52-week low of $0.28 was recorded on 06/30/23. SMA at 50 days reached $0.3795, while 200 days put it at $0.4645. A total of 1.49 million shares were traded, compared to the trading of 1.47 million shares in the previous session.

Levels Of Support And Resistance For HYMC Stock

The 24-hour chart illustrates a support level at 0.3204, which if violated will result in even more drops to 0.3102. On the upside, there is a resistance level at 0.3454. A further resistance level may holdings at 0.3602. The Relative Strength Index (RSI) on the 14-day chart is 37.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0215, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.11%. Stochastics %K at 13.99% indicates the stock is a buying.

How much short interest is there in Hycroft Mining Holding Corporation?

A steep rise in short interest was recorded in Hycroft Mining Holding Corporation stocks on Aug 14, 2023, dropping by -0.35 million shares to a total of 9.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.42 million shares. There was a decline of -3.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.9.

Hycroft Mining Holding Corporation [HYMC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,221,703 shares, or roughly 3.58% of the outstanding HYMC shares. In other words, the investor’s shares have fallen by -86,776 from its previous 13-F filing of 7308479.0. Additionally, BlackRock Fund Advisors decreased -77.74% of its stake after which the total value it holdings stand at $747,745, while Susquehanna Financial Group LLLP reduced -10.95% of its stake to hold $0.74 million in the firm. Over the last quarter, Geode Capital Management LLC sold -1,306,424 shares of Hycroft Mining Holding Corporation, while Millennium Management LLC sold 448,043 shares. At present, Shay Capital LLC is holding 654,267 shares valued at $0.29 million. SSgA Funds Management, Inc. owned 459,520 shares of the company at the time of its most recent 13F filing, worth $0.21 million.

According to FactSet, Hycroft Mining Holding Corporation’s share price will average $13.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3723.53 percent from its previous closing price of $0.34. Analysts expect Hycroft Mining Holding Corporation stock to reach the higher price of $13.00, while the lowest price estimate is $13.00. However, 1 analyst have rated HYMC stock as a Hold in their predictions for 2023.


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