Hycroft Mining Holding Corporation (NASDAQ: HYMC) stock held a relatively significant growth within a year. HYMC stock remains up by approx 49.43% from the trading price it was almost a year ago. Nevada based gold and silver development company had witnessed several ups and downs and could be clearly reflected upon its stock price.
The company has more than 137.66 million USD worth market capitalization involved in resource mining operations. Hycroft’s mine in Nevada state had an overall spread of land of about 70,671 acres. The Winnemucca headquartered company has varied shareholdings.
About 15.65% of the company’s stake is held by retail investors, 27.98% of HYMC shares belong to institutional investors while the insiders of Hycroft Mining have the majority part in the company of 56.38% of overall shares.
Last year saw a notable amount of HYMC shares being sold by the insiders. Since the insiders had a majority portion in the company, the effect of a significant sale was likely to happen.
An insider within the company reportedly sold the 6.4 million USD worth shares of the mining company. However, even after selling the shares, the insider remained in profit since the ຫຸ້ນ price tumbled even after the sale.
At the time of sale, HYMC stock was sold at an average price of 1.28 USD. The prices were way higher than the current trading price which was nearly half of what it was earlier.
Last year the popular movie theater chain AMC Entertainment Holdings (NYSE: AMC) purchased a significant amount of shares in Hycroft Mining. AMC reported purchasing about 23.4 million shares in the company and spent 27.9 million USD for it. With this purchase, the company became the largest shareholders in the mining firm with about 22% of stake.
Currently the HYMC stock is trading at 0.6874 USD with a slight upward movement from the last day. The volume is at over 1.79 million shares while the 52 week trading range is 0.28 USD to 3.1 USD.
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Source: https://www.thecoinrepublic.com/2023/01/15/hycroft-mining-hymc-stock-remains-almost-50-up-yoy-despite-insiders-sale/