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Top Buys by Top Brass: CFO Rideout's $192.5K Bet on HYMC

By Metals Channel Staff, Thursday, June 24, 10:34 AM ET
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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $192.5K by Stanton K. Rideout, CFO at Hycroft Mining Holding Corp (NASDAQ:HYMC).

Rideout bets big on HYMC:

Purchased Insider Title Shares Price/Share Value
06/08/2021 Stanton K. Rideout Executive Vice President & CFO 55,000 $3.50 $192,500.00

Rideout's average cost works out to $3.50/share. In trading on Thursday, bargain hunters could buy shares of Hycroft Mining Holding Corp (NASDAQ:HYMC) and achieve a cost basis lower than Rideout, with shares changing hands as low as $3.23 per share. Shares of Hycroft Mining Holding Corp were changing hands at $3.24 at last check, trading up about 1.2% on Thursday. The chart below shows the one year performance of HYMC shares, versus its 200 day moving average:

Hycroft Mining Holding Corp Chart

Looking at the chart above, HYMC's low point in its 52 week range is $2.95 per share, with $16.1713 as the 52 week high point — that compares with a last trade of $3.24.

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This Article's Word Cloud:   Bets   Brass   Buys   Corp   Days   Dollars   Executive   HYMC   Holding   Hycroft   Insider   Insiders   Join   Looking   Mining   Offer   Place   President   Presumably   Price   Purchased   Rideout   Seven   Share   Shares   Stanton   Thursday   average   buys   changing   chart   company   cost   hands   insider   last   make   maybe   mdash   point   share   shares   stock   take   that   their   they   trading   week   with

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