We help you make informed decisions by giving you access to institutional quality data and analysis presented visually. 326 E 8th St #105, Sioux Falls, SD 57103 Why Hycroft Mining Sank 15% Today | The Motley Fool Surging Over 100%: Small Cap Electric Boat Maker Makes Waves, Sleeper AI-Play MongoDB Could Triple In Size. All rights reserved. Momentus Inc. - Disclosure: I am not a financial adviser. What Did We Discover About Insider Trading At Hycroft Mining Holding These figures represent 27.80% and 3.80% growth in EPS for the two years respectively. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Biden To Unleash "Choke Point" Operation On America? That being said, short selling seems dangerous, and I think risk-averse investors should avoid HYMC stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Alternatively, email editorial-team (at) simplywallst.com. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. One share of HYMC stock can currently be purchased for approximately $0.34. At todays gold price of over $1,900 per ounce, the NPV would be over $4.5 billion. Is Verizons 7% Yield Too Good To Pass Up? Perform your own due diligence and consult a financial professional before trading. In view of this, Im bearish on Hycroft Mining. 2023 InvestorPlace Media, LLC. The amount for the full year stood at $53.5 million. Surprising "Twist" Hands Biden Landslide Re-election? In my view, this is the right move as processing sulfidic ore is challenging and the recovery rate in the 2019 feasibility study was likely over-optimistic. Scotts Miracle-Gro Co (SMG) Stock Falls -1.84% This Week: Is It a Good Pick? 326 E 8th St #105, Sioux Falls, SD 57103 Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Do Bank Failures Mean It's Time To Invest In Precious Metals? HYMC has an Overall Score of 32. Is Expedia the Best Bargain in the Travel Bookings Segment? View which stocks are hot on social media with MarketBeat's trending stocks report. OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market? All Rights Reserved. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Over a longer timeframe, though, its seen a massive drop in price. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Stocks Upgraded After Earnings and are Moving Higher, Mullen Automotive - What's Good, What's Bad, and What's Downright Ugly, These Stocks Have Bottomed and Are Primed for Reversal, AI Helps Palantir Make a Move to the Upside. Cash declined to below $142 million and I think that there could be significant stock dilution in a year or two to fund the initial CAPEX. But that hardly compensates for the shocking decline over the last twelve months. Why Is Forza X1 (FRZA) Stock Up 145% Today? Dr. Diane Renee Garrett Eng., M.A., M.S., Mineral Eco, Ph.D. HYCROFT ACQUIRES CLAIMS NEAR HISTORIC ROSEBUD MINE, HYCROFT PROVIDES FIRST QUARTER 2023 OPERATING AND FINANCIAL RESULTS, HYCROFT GRANTED 180-DAY EXTENSION BY NASDAQ TO REGAIN COMPLIANCE WITH MINIMUM BID RULE, HYCROFT ANNOUNCES YEAR END 2022 OPERATING AND FINANCIAL RESULTS. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for HYMC and its competitors with MarketBeat's FREE daily newsletter. If it's a value stock - great. But starting in early March, Hycroft shares began to surge on the assessment news. Wall Street Legend Who Called AMZN Crash Issues New Sell Alert, Your Ultimate Investment Research Platform, You need at least $100 of this asset and its NOT gold Dr. Nomi Prin. OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market? Currency in USD 0.3360 -0.0035 (-1.03%) At close: 04:00PM EDT 0.3420 +0.01 (+1.79%) Pre-Market: 08:56AM EDT Stock. In my view, a construction decision could be taken in 2024. The company employs 102 workers across the globe. Why Is Hycroft Mining (HYMC) Stock Up Today. As a penny stock, Hycroft Minings shares typically experience low trading volumes and get little attention from the financial press. What Is The Ownership Structure Like For Hycroft Mining Holding Corporation (NASDAQ:HYMC)? What it doesnt do is make it an investable situation. These symbols will be available throughout the site during your session. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Hycroft Mining's stock is owned by many different retail and institutional investors. You're all set to receive the Morning Update newsletter. In my view, the momentum here is low and there are no catalysts on the horizon. This week we saw the Hycroft Mining Holding Corporation (NASDAQ:HYMC) share price climb by 21%. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/why-is-hycroft-mining-hymc-stock-up-today/. (844) 978-6257. Export data to Excel for your own analysis. Theres a good chance itll see another big drop down the road. Hycroft Mining Holding isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. It's lightweight, stores lots of energy and is rechargeable. Over the long term, the share price should be expected to normalize as prices move lower and stabilize once again. Looking at the stock we see that its previous close was $0.34 and the beta (5Y monthly) reads 1.97 with the days price range being $0.335 $0.3555. Even if it finds some success extracting its reserves, it may result in little downside if youre buying in today. This article by Simply Wall St is general in nature. That said, while its an interesting situation, is it an investment opportunity worth pursuing? A $15.7 trillion tech melt could be triggered as soon as June 14th Now is the time to prepare. initial assessment of its mineral reserves, 15 million ounces (gold) and 600 million ounces (silver), metals prices will need to see another big surge, Hycroft Mining Is an Interesting Story, But Not a Great Opportunity, UPDATE 1-Elon Musk says China will initiate AI regulations, UPDATE 1-Drone sighting briefly disrupts flights at Pittsburgh airport, Apple's mixed reality headset announcement sends Unity stock soaring, Apple's WWDC, oil production cuts, Ford upgrade: Trending tickers. On the other hand, looking at the outlook for the HYMC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Hycroft Mining Stock Forecast, Price & News (NASDAQ:HYMC) - MarketBeat If you have an ad-blocker enabled you may be blocked from proceeding. The company earned $11.47 million during the quarter. Despite the story, it differs little from other speculative junior mining stocks. Sono Group N.V. (NASDAQ: SEV) 150.58% Incline Turns Investors Away. drill results from its 2022-2023 exploration drill program were nothing special. Making the world smarter, happier, and richer. HYMC - Hycroft Mining Holding Corporation NasdaqCM - NasdaqCM Real Time Price. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The mine has historical production of around 2.1 million ounces of gold and 7.5 million ounces of silver and has been shut down several times so far, usually due to low gold prices. Dear MULN Stock Fans, Mark Your Calendars for June 26, NIO Stock Alert: China Just Gave Nio a Big Boost. Real-time analyst ratings, insider transactions, earnings data, and more. Hycroft Mining (NASDAQ:HYMC) stock is up a staggering 230% today as gold and silver prices hit multi-year highs amid Russias ongoing invasion of Ukraine. Should You Hold New Found Gold Corp (NFGC) in Gold Industry? The loss from operations soared to $20.4 million in Q4 2022 as the ROM operation was shut down in December 2022. Hycroft Mining Stock News and Forecast: HYMC rebounds - FXStreet After all, Hycroft Mining released the results of a feasibility study for a heap leach mining operation in 2019, which is usually the last step before the construction of a mine. The new public offering of over 8 million shares dilutes current shareholders by about 16.5%, closely matching the share price drop this today. *Average returns of all recommendations since inception. Looking further, we note the current price level is -11.32% off its SMA20 and -16.84% from its 50-day simple moving average. Please log in to your account or sign up in order to add this asset to your watchlist. Thats not all. Get short term trading ideas from the MarketBeat Idea Engine. Simply Wall St for What is Hycroft Mining's stock price today? If you like this article, consider joining Forsaken Value and Yield. quotes delayed at least 15 minutes, all others at least 20 minutes. Why AMC-Backed Hycroft Mining Is Soaring Tuesday, Hycroft Mining Holding Corporation (NASDAQ: HYMC), Hycroft Mining Reports Initial Drill Results; 82 meters of 1.03 g/t gold and 30.38 g/t silver. Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. So the hefty 77% share price crash makes us think the company has somehow offended market participants. HYMC stock gets a big lift today along with shares of other mining companies. In my view, the momentum here is low, and this is crucial for exploration-stage mining companies. The company reported ($0.07) EPS for the quarter. Entering text into the input field will update the search result below. Hycroft Mining (NASDAQ:HYMC) has a market capitalization of $67.45 million and generates $33.23 million in revenue each year. Our daily ratings and market update email newsletter. Its story of sitting on a gold mine, plus the AMC connection, makes it an interesting situation. The gold and silver miner announced that its stock offering will be upsized and priced at $9 per share, which is in line with yesterday's closing price.
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