Hycroft Mining Holding (HYMC) Stock Continues to Fall: Down 30% in a Month

One of the stocks that continue to slide on Thursday was that of Hycroft Mining Holding Corporation (NASDAQ:HYMC). The stock has been in the middle of a downward spiral for around a month and after the decline of 12% yesterday, the decline for the past month came in at as much as 30%.

There has been no fresh news about the company in recent days but back on June 30 Hycroft Mining had made a filing for mixed shelf worth as much as $500 million. The filing was made with the United States Securities and Exchange Commission.

The company, which is involved in mining for silver and gold in the Hycroft Mine in Northern Nevada, announced its financial results for the fiscal year that concluded on December 31, 2020. One of the most important highlights of the year was the fact that the company managed to install a new management team and technical leadership.

On the other hand, the production went up considerably as well. In 2020, Hycroft Mining managed to produces 27932 ounces of gold and on the other hand, the silver production came in at 178836 ounces. Both those figures reflect around a threefold rise in production year on year.

Market Reaction:

On Thursday, HYMC stock decreased 11.85% at $2.38 with more than 365k shares, compared to its average volume of 227k shares. The stock had moved within a range of $2.3500 – 2.6700 after opening the trade at $2.67. Over the past 52-week, the stock has been trading within a range of $2.3500 – 16.1710.