Geometry Dash APK Hill Climb Racing APK
39.3 F
New York
Friday, March 31, 2023

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

Must read

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

If you are on the hunt for stocks that may have made major gains over the course of the past week, then look no further than Hycroft Mining (NASDAQ:HYMC).

Equity Offering

The company saw its stock clock gains of as much as 105% over the past week and that rally took the gains in the past month to a staggering 700%. In light of such enormous gains, it could be the right time for investors to perhaps consider taking a closer look at some of the recent developments about Hycroft.

Earlier on in the week on Monday, the company announced that it had been successful in finally completing its market equity offering initiative. By way of that initiative, Hycroft had managed to sell as many as 89,553,584 in total and managed to raise a staggering $138.6 million
in the process.

Sign up below to receive critical updates on HYMC stock.

After the completion of the process, the company had
a total of 196,803,459 outstanding and issued shares. While the fundraising efforts from the company may have led to a significant boost to the stock, it ought to be noted that Hycroft had managed to raise another hefty sum by way of a private placement.

Through the private placement, the company managed to generate as much as $55.9 million and that took the entire funds raised to a staggering $194.4 million.

Hence, the current bullish tendency about the Hycroft stock is understandable and it is going to be interesting to see if it can continue to add to its gains over the coming days.

One interesting things to note in this regard is the fact that AMC Entertainment was the entity that was responsible for the private placement.

Disclaimer: We hold no position in HYMC stock.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service