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Hycroft Mining Holding Corp (NASDAQ:HYMC) Stock Moves High Ahead of Quarterly Earnings

Pete Matthews , , , ,

Hycroft Mining Holding Corp (NASDAQ:HYMC) jumped 6.5%. The company announced that it would release its operating and financial results for the period ended June 30, 2021, on August 4, 2021, before the market open. A conference call will follow at 9:00 AM ET to discuss the Q2 2021 results. Hycroft operates the Hycroft Mine in Northern Nevada, and it deals with silver and gold production.

Recently the company announced that it helped Mudrick Capital Management L.P. in the placement of around 777,968 common shares of its stock and 394,863 warrants to buy shares from a harvesting fund. As a result, the fund is now completely off Hycroft’s equity.

Board chairman David Kirsch said that Mudrick plans to continue Hycroft’s long-term shareholders and support the management initiatives to enhance their ownership in the company to align with shareholders’ interests. Hycroft Board and management team and current institutional shareholders acquired the position to increase their holdings in the company. So, HYMC is a stock to watch.

On Friday, HYMC stock gained 6.50% at $2.30 with more than 235K shares, compared to its average volume of 224K shares. The stock has moved within a range of $2.1300 – 2.3900 after opening the trade at $2.13. 

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.