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Hecla Mining Co. (HL) may enjoy gains as insiders got busy in the recent days

Hecla Mining Co.’s recently made public that its VP – Principal Acctg. Officer Absolom Stuart Maurice unloaded Company’s shares for reported $22068.0 on Jun 25 ’24. In the deal valued at $4.91 per share,4,499 shares were sold. As a result of this transaction, Absolom Stuart Maurice now holds 69,036 shares worth roughly $0.43 million.

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Then, Aguiar Rodriguez Carlos Robert sold 7,140 shares, generating $35,022 in total proceeds. Upon selling the shares at $4.91, the VP – Operations now owns 197,354 shares.

Before that, Sienko David C sold 14,559 shares. Hecla Mining Co. shares valued at $71,412 were divested by the VP – General Counsel at a price of $4.91 per share. As a result of the transaction, Sienko David C now holds 996,123 shares, worth roughly $6.22 million.

ROTH MKM upgraded its Hecla Mining Co. [HL] rating to a Buy from a a Neutral in a research note published on October 13, 2023; the price target was increased to $4.40 from $4. National Bank Financial began covering HL with “an Outperform” recommendation on June 28, 2023. Cantor Fitzgerald revised its rating on May 12, 2023. It rated HL as “a Hold” which previously was an “a Buy”.

Price Performance Review of HL

On Tuesday, Hecla Mining Co. [NYSE:HL] saw its stock jump 0.16% to $6.24. Over the last five days, the stock has gained 3.83%. Hecla Mining Co. shares have risen nearly 29.78% since the year began. Nevertheless, the stocks have risen 44.92% over the past one year. While a 52-week high of $6.35 was reached on 07/17/24, a 52-week low of $3.33 was recorded on 02/13/24. SMA at 50 days reached $5.48, while 200 days put it at $4.87.

Levels Of Support And Resistance For HL Stock

The 24-hour chart illustrates a support level at 6.13, which if violated will result in even more drops to 6.02. On the upside, there is a resistance level at 6.31. A further resistance level may holdings at 6.38. The Relative Strength Index (RSI) on the 14-day chart is 66.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.75%. Stochastics%K at 95.96% indicates the stock is a selling.

How much short interest is there in Hecla Mining Co.?

A steep rise in short interest was recorded in Hecla Mining Co. stocks on 2024-07-31, dropping by -6.73 million shares to a total of 15.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 22.18 million shares. There was a decline of -43.59%, which implies that there is a negative sentiment for the stock.

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