HomeFinancial MarketsWhy Hycroft Mining Holding Corporation (HYMC) stock is facing negativity on Thursday's...

Why Hycroft Mining Holding Corporation (HYMC) stock is facing negativity on Thursday’s pre-market

Hycroft Mining Holding Corporation (HYMC) share lost 0.15%, as of this writing, on Thursday’s pre-market session & trading at $2.00 per share. On Wednesdays after hours, HYMC stock gained 11.04% and closed at $2.15 per share. HYMC shares have fallen 77.60% over the last 12 months, and they have moved up 29.52% in the past week. Over the past three months, the stock has lost 41.26%, while over the past six months, it has declined 65.27%.

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HYMC participation in the upcoming investor conferences

Hycroft Mining Holding Corporation (HYMC) will participate at the Precious Metals Summit Beaver Creek which will be held from September 8th to 11th, 2021.


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The company will also attend the Denver Gold Forum Americas which is scheduled for September 12th to 15th, 2021.

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HYMC recent financial results announcement

On August 4, 2021, Hycroft Mining Holding Corporation (HYMC) announced its financial results for the second quarter of 2021.

Q2 2021 financial highlights

  • HYMC reported revenue of 36 million in Q2 2021 compared to $7.64 million in Q2 2020.
  • The total cost of sales was $33.5 million compared to $31.86 million in Q2 2020.
  • It suffered a net loss of $8.5 million in Q2 2021 compared to a net loss of $50.7 million in Q2 2020.
  • Loss per basic and diluted share was $0.14 in Q2 2021 compared to $2.76 loss per basic and diluted share in Q2 2020.

HYMC update about share capital

On June 11, 2021, Hycroft Mining Holding Corporation announced that it has assisted Mudrick Capital Management, L.P. in placing approximately 777,968 shares of common stock and 394,863 warrants from a harvesting fund, which takes this fund entirely out of Hycroft equity.

Members of the Hycroft management team and Board, together with existing institutional shareholders, have acquired the position, further increasing their holdings in Hycroft’s common stock.

HYMC new board members

On April 14, 2021, Hycroft Mining Holding Corporation appointed Mr Stephen A. Lang and Mr David Naccarati, to its Board of Directors.

Conclusion

Well, as of this writing we have no recent news which could be linked with its recent negative performance. We hope that it will return towards positivity in the coming trading hours.

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About HYMC

Hycroft Mining Holding Corporation is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine ranks among the top 20 largest primary gold deposits in the world and is the second-largest in the United States.

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