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Top Buys by Directors: Garrett's $192.5K Bet on HYMC

By Metals Channel Staff, Thursday, July 15, 3:03 PM ET
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $192.5K by Diane R. Garrett, President, CEO & Director at Hycroft Mining Holding Corp (NASDAQ:HYMC).

Garrett bets big on HYMC:

Purchased Insider Title Shares Price/Share Value
06/08/2021 Diane R. Garrett President, CEO & Director 55,000 $3.50 $192,500.00

Garrett'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 Garrett, with shares changing hands as low as $2.39 per share. Shares of Hycroft Mining Holding Corp were changing hands at $2.44 at last check, trading down about 9.7% 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 $2.39 per share, with $16.1713 as the 52 week high point — that compares with a last trade of $2.44.

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This Article's Word Cloud:   Buys   Channel   Company   Corp   Diane   Director   Directors   Dividend   Garrett   HYMC   Holding   Hycroft   Insider   Looking   Mining   Newsletter   Offer   Premium   President   Presumably   Price   Purchased   Receive   Share   Shares   Special   Start   Thursday   average   buys   changing   chart   company   cost   directors   hands   last   make   maybe   mdash   point   share   shares   stock   take   that   they   trading   week   with

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