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Hycroft Mining Holding Corporation

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HYMC trade ideas

HYMC- Gold is Glittering Penny Junior Miner LONGGold is on a bullrun and what better equity to look to capture profits than gold junior miner penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon. Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines well above the positive histogram in fact three times the amplitude. Again, no signs of bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected win rate of 73% on the signals which should buttress my confidence in this trade. I will follow the signals in the context of my targets based on TA and see how they correlate. Gold is on fire ! Junior miners are perhaps in the midst of a wildfire. I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade once the price rises 10% and a 5% stop loss is moved to break-even.
NASDAQ:HYMCLong
by AwesomeAvani
Wyckoffian Method: Sell Test in Phase BUsing volume to price analysis in correlation with market cycles of accumulation and distribution (Wyckoff), I believe that NASDAQ:HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom. During the mark-down phase, NASDAQ:HYMC exhibited several stopping actions up until the massive change of behavior that came with the news of the investment from $AMC. The change of behavior is exhibited by the massive change in demand volume at the bottom of the range, thus establishing a floor. This trend reversal symbolizes a 'selling climax' with an immediate reaction, otherwise known as an 'automatic rally'. Being at the same level as the selling climax and with volume diminished, NASDAQ:HYMC has a strong chance to reversal and start breaking some fib levels to the upside for a test of supply zones above. This move would be considered 'sell test in phase B' of accumulation. A reverse split is incoming for NASDAQ:HYMC , but a good short-covering rally can occur from the lows here before RS.
NASDAQ:HYMCLong
by FreeWyckoffs
2
HYMC Hycroft Mining Long PlayHYMC (Hycroft Mining Holding Corporation) is a gold and silver mining company that has recently been the subject of a lot of attention due to a large investment from AMC Entertainment. HYMC is currently trading at around $0.30 per share, but there is a lot of potential for the stock to move higher in the near future. On July 31, 2023, HYMC will be reporting its earnings for the second quarter of 2023. Analysts are expecting the company to report a loss of $0.01 per share, but there is a chance that the company could surprise on the upside. If HYMC does report a profit, it could send the stock soaring. Another reason to be bullish on HYMC is the recent investment from AMC Entertainment. AMC invested $27.9 million in HYMC, which gives the company a 22.2% stake in the company. AMC is a major player in the movie theater industry, and it has a lot of experience in marketing and promoting its products. This could be a huge asset for HYMC as it looks to grow its business. Finally, HYMC is trading at a very attractive valuation. The company has a market capitalization of just $500 million, but it has $1.3 billion in cash and gold and silver reserves. This means that the company is trading at just 0.4x its net asset value. Overall, I believe that HYMC is a very undervalued stock with a lot of potential for growth. I am bullish on the stock and I think it could easily move to $1.00 or even $2.00 in the near future. If you are interested in trading HYMC, I would recommend buying long-dated call options that are out of the money. This will give you the most upside potential if the stock does move higher. Here are some trade ideas for HYMC: Buy a July 2023 $0.50 call option for $0.05 Buy a January 2024 $1.00 call option for $0.10 These are just a few trade ideas, and you should do your own research before making any trades.
NASDAQ:HYMCLong
by Odinstradingden
HYMC Mining Stock swing LONGSee the 4H chart for details. The analysts to not have great ratings but I have learned to respect chart patterns The falling wedge here is expectant for a bullish breakout upwards. Earnings are coming and a good report is expected with fixed costs and rising gold and silver prices. This is the timely catalyst for a trade but not an investment. The penny stock is selling at a 95 % discount off its price 2-3 years ago. I has nowhere to go but up. It could be a takeover candidate of one of the larger and more financially stable mining stocks. All in all, I think this is a good buy going into earnings. See also my idea on spot gold. . GORO is another ticker worth a good look right now but remember all that glitters is not gold. Speaking of miners I have a long idea for BTBT, a crypto miners which has upcoming as well.
NASDAQ:HYMCLong
by AwesomeAvani
HYMC heading for a breakout? 7/12/2022HYMC seems to have changed its trend. You will see that we have entered with higher lows and higher highs. This could signal a breakout above 1.10 testing its next resistance level at 1.19. If the momentum continues then I would say that we could break out of the 200 DMA. However, there is A LOT of resistance at the 1.19 level. The MACD just crossed over and I am getting signals on the 3, 13 EMA Cross. The volume also seems to be steadily increasing with today being one of the better days for volume.
NASDAQ:HYMCLong
by Adventure_Joe
$HYMC Quarterly Report Gap UpHycroft Mining Holding Corporation (NASDAQ: HYMC) is a gold and silver mining company with major assets in the Hycroft Mine. After releasing impressive operational results in Q1, HYMC stock has been gaining momentum and rocketed as much as 37%. Considering AMC’s recent investment in the company, HYMC stock has been gaining a following on Reddit as an emerging meme stock. With this in mind, many investors continue holding HYMC stock anticipating a sympathy run with AMC stock. Fundamental Analysis Following the release of the company’s Q1 operational and financial results, HYMC stock has been trending among Reddit and FinTwit investors due to the encouraging results reported by the company. Delivering on its promises to continue exploring the Hycroft Mine, HYMC measured and indicated 9.6 million ounces of gold and 446 million ounces of silver. Moreover, HYMC has inferred mineral resources including 5 million ounces of gold, in addition to 150.4 million ounces of silver contained in oxide, transitional and sulfide ores. Given that extracting reserves contained in such ores could be expensive, HYMC is in a prime position to utilize the funds received from Eric Sprott and AMC’s investments in the company. Based on these results, HYMC stock surged and momentarily reached $1.90. At the same time, HYMC found a number of high-grade intercepts at its sites in the Hycroft Mine – including the high grade silver Vortex deposit. Given the potential of these findings, HYMC is exploring targets for a drilling program to capitalize on these high grade intercepts. Considering that metal prices are rising due to the current inflationary environment, these high grade intercepts combined with HYMC’s gold and silver reserves could be major revenue streams for HYMC in 2022. HYMC Financials While the potential of HYMC stock is undeniable, the company’s Q1 financials were underwhelming to many investors. With $9.1 million in revenues, HYMC had a 52% decline from the year-ago-period. This led to $22 million in net losses despite the company reducing its operating costs to $12 million compared to $14.7 million in Q1 2021. Meanwhile, HYMC reported $172.7 million cash on hand mainly due to AMC’s investment in the company last March. As a result, HYMC could ramp up its plans for extraction and exploration at the Hycroft Mine. Considering the promising results of the company’s operations, HYMC could be set to grow its revenues in the coming quarters. Technical Analysis Currently trading at $1.61, HYMC stock shows a support at 1.26, a resistance at 1.67 and a secondary resistance at 1.97. HYMC stock gapped up on its earnings report, which means the stock could gap down from 1.42 to 1.57 later on. The stock’s accumulation has shown a downtick with profit-taking. Meanwhile, the RSI has dropped to 61 after earlier overbuying and the MACD is bullish. While investors are enthusiastic after HYMC stock reported its quarterly finances, the run may be short lived. Although the RSI has regulated enough for a second run, the downtick in accumulation could be a sign that momentum is dying out. Currently testing its resistance at 1.67, if its able to maintain higher than average volume the stock could break through this resistance and approach the second. Volume was 87 million – roughly 37% higher than average on May 5th. HYMC has an OS of 197 million and a low float of 173.1 million. HYMC Stock Forecast Considering that investors are estimating that the company’s current gold and silver reserves could be worth billions at current market value, HYMC stock may see a second surge base on these results. Given its market cap of $275.8 million, cash on hand following AMC’s investment, and plans to ramp up production, HYMC stock could be a profitable investment for not only AMC but investors bullish on the mining company’s potential. While HYMC missed EPS expectations with an additional 23 cent loss per share this quarter, it is now in a place to turn things around and realize more revenues in the coming quarters. With gold prices typically seen as a hedge against inflation, HYMC could be set for revenue growth this year if it is able to capitalize on its reserves.
NASDAQ:HYMC
by Penny_Stocks_Today
Buy The F'n Dip On Hycroft Mining (NASDAQ: $HYMC)!❓ Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
NASDAQ:HYMCLong
by RedHotStocks
1
$HYMC Next Target PTs 3.50 and higher Long term PT 30 and higherHycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
NASDAQ:HYMCLong
by BADQOMOCAWGOWLD
1
$HYMC Next Target PTs 3.25-3.75 and higherHycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.
NASDAQ:HYMCLong
by BADQOMOCAWGOWLD
5