Hycroft Mining Holding Corp. (HYMC Stock)

Hycroft Mining Holding Corp. (NASDAQ: HYMC) has been working with “ShareIntel” for months to identify illegal short selling of its common stock. The gold and silver mining company has been working closely for months with Shareholder Intelligent Services LLC to audit its common stock’s trading and identify and monitor illegal short-selling activities. They are also working on plans to combat the situation. 

Hycroft Mining Holding Corp. (HYMC Stock) – Financial Analysis

Until now, ShareIntel’s analysis reports some imbalances in NASDAQ: HYMC shares, probably because of a by-product of non-compliant or abusive short-selling activities. Also, the company’s debt in March 2023 accounts for $137.4 Million in cash, which offsets the net debt of nearly $5.22 Million. 

Moreover, the company’s liabilities are $19.19 Million due within a year, with around $175.5 Million falling after that. Also, the mining company has cash of $132.2 Million and a receivable value of $2.04 Million due in the coming 12 months. This means the liabilities are worth $5.05 Million against cash and near-term receivables combined.

Hycroft Mining Holding Corp. is trying to leverage the advancing laser mining technologies. The company recently finished its initial assessment and can do wonders incorporating this new technology. If so, the revenue could propel the share price out of the abyss of training below $1.00 for a considerable amount of time.  

At press time, HYMC stock is trading at $0.4303, dropping 8.45%; previous close and open were at $0.4700 and $0.4800, respectively. The 52-week range is from $0.2800 to $1.1900; the share price has been below $1 since August 2022, with only 1 failed attempt. With an average volume of 3.33 million shares, the market cap is $86.609 Million. 

The trailing twelve-month (ttm) earnings per share (EPS) is negative $0.17, gaining 74.07%. The operating expenses gained 3.64% to $4.24 Million, while net income jumped by 36.95% to negative $13.91 Million. The profit margin dropped by 218.91%, and the operating margin tumbled by 220.28%. 

The last earnings were reported on May 2, 2023, where the reported earnings of $0.07 failed to beat the estimated value of $0.01 by a whopping 600%. Also, while comparing the Q4 2023 data with Q1 2023, gross profit went from minus $7.19 Million to negative $904.00k, a considerable drop. 

However, the operating income strengthened from minus $19.43 Million to negative $11.53 Million. Moreover, the HYMC share price rallied 39.71% in a week and 30.97% in a month but fell 35.78% in six months and nearly 57.40% in a year. 

Hycroft Mining Holding Corp. (HYMC Stock) – Candle Exploration

The share price crossed the descending trendline for the first time since October 2022. However, the EMA is still moving downwards, plus the RSI value of 66.64 with a recent drop does not provide positive momentum. But it could rally if the price can sustain above the trend line.

Moreover, the price must cross the crucial resistance to enter the supply zone. Experts argue that the price action shall consolidate in ascending order if it has to surpass the supply zone. The drop below the 52-week low is unlikely, but if so, new lows can be formed, pushing the company’s value further down. 

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

Latest posts by Steve Anderrson (see all)