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

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

Hycroft Mining Trading Up 1.6 %

The business’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

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC raised its position in shares of Hycroft Mining by 59.9% in the 3rd 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 period. Avantax Advisory Services Inc. raised its holdings in shares of Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock worth $69,000 after purchasing an additional 9,000 shares during the period. Waldron Private Wealth LLC lifted its stake in shares of Hycroft Mining by 37.0% in the 3rd quarter. Waldron Private Wealth LLC now owns 33,060 shares of the company’s stock valued at $83,000 after purchasing an additional 8,931 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Hycroft Mining during the 4th quarter worth about $92,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Hycroft Mining during the 2nd quarter worth approximately $139,000. 7.38% of the stock is owned by institutional investors and hedge funds.

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.