Hycroft Mining Holding HYMC stock price is up 10% in the last 5 days & volume is up 23%, but is it over for this breakout stock?
There is an old adage, “two heads are better than one”, so let’s collaborate on HYMC and compare notes.
In this in depth report, I look at 5 KPIs: Technical Analysis, Volume, News Cycle, Fundamentals & awareness campaigns. I believe the stock market is not gambling, it is also not fool proof, but I have developed a dependable system. I have found some critical components to success for HYMC, tell me what you think.
Before we get started, I like being methodical and easy to understand so I have developed a ranking system for my stocks. I call it, Alexander Goldman’s “HOT Stock Ranking!”
The official heat level for HYMC is, a 🔥🔥🔥 3 out of 4
Before I get ahead of myself and just jump right into this exciting breakout stock, I wanted to introduce myself.
Hello 🙋♂️ My name is Alexander Goldman. I have been trading small cap stocks, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT Stock Reporting system for breakout stocks.
To find out more about my story, CLICK HERE
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Hycroft Mining Holding Company Information
Company Name: Hycroft Mining Holding Corp.
Ticker: HYMC
Exchange: NASDAQ
Website: http://www.hycroftmining.com/
Hycroft Mining Company Summary:
Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.
HYMC stock price is due to News?
May 4, 2022
Announces that it has filed its 10-Q for the first quarter of 2022.
Strengthened Balance Sheet: The Company ended the first quarter with a cash position $172.8 million. During the quarter the Company raised gross cash proceeds of $194.4 million through a $55.9 million private placement offering with Eric Sprott and AMC Entertainment and $138.6 million in an at-the-market equity offering program. The Company also: (i) reduced net debt by $20.6 million; (ii) amended its credit agreement with its first lien lender such that no further scheduled payments of principal are required prior to maturity; and (iii) amended both the first lien and second lien credit agreements to extend maturities by two years to May 31, 2027 and December 1, 2027, respectively.
Trending Stock HYMC 5 Day Chart
HYMC Stock Price HOT Stock Grade:
The official heat level for HYMC is, a 🔥🔥🔥 3 out of 4 . Here are my takeaways on it and why it is just a 3 out of 4. Do you agree?
HYMC Trading Volume
The volume, is trading at an increase of 23% over the average which indicates a higher demand in the stock.
Trading 101: volume is measured in the number of shares traded. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. So, let’s take a look at the technical indicators.
HYMC Technicals
The technical analysis “chart reading”, it is bullish and has been that way since the early part of this month with a steady ascending channel. The chart looks great and the news is even better, they are financially solid!
Trading 101: Technical indicators are technical tools that help in analyzing the movement in the stock prices whether the ongoing trend is going to continue or reverse. It helps the traders to make entry and exit decisions of a particular stock. Technical indicators can be leading or lagging indicators.
HYMC News Cycle
The news, there is significant news: “The Company ended the first quarter with a cash position $172.8 million. During the quarter the Company raised gross cash proceeds of $194.4 million through a $55.9 million private placement offering with Eric Sprott and AMC Entertainment and $138.6 million in an at-the-market equity offering program. The Company also: (i) reduced net debt by $20.6 million; (ii) amended its credit agreement with its first lien lender such that no further scheduled payments of principal are required prior to maturity; and (iii) amended both the first lien and second lien credit agreements to extend maturities by two years to May 31, 2027 and December 1, 2027, respectively.”
HYMC Fundamentals
The fundamentals, there is exciting financial filings associated with this stock, “243% & 135% growth respectively”!
Trading 101: Fundamental trading is a method where a trader focuses on company-specific events to determine which stock to buy and when to buy it. Trading on fundamentals is more closely associated with a buy-and-hold strategy rather than short-term trading.
HYMC Awareness
Marketing efforts “Awareness Campaigns”, I have not found marketing efforts around the investor awareness of this company. Hence the 3 out of 4. Do you agree? Write me a line at [email protected]
Again, two heads are better than one, let’s work together to have the best trading year of our lives!
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