Hycroft Mining (HYMC) Soars 15% as Canadian Billionaire Hikes Stake

We recently published 10 Stocks With Easy Double-Digit Gains. Hycroft Mining Holding Corporation (NASDAQ:HYMC) was one of the top performers on Monday.

Hycroft extended its winning streak to a fourth consecutive day on Monday, jumping 15.37 percent to close at $28.15 apiece on strong investor optimism, supported by a Canadian billionaire’s raising of his stake in the company.

In a regulatory filing last week, Hycroft Mining Holding Corporation (NASDAQ:HYMC) said that Canadian business Eric Sprott, who is already a significant stakeholder of the company, acquired $16.5 million worth of stake covering 700,000 additional shares in separate transactions between December 24 and 29.

In recent news, Hycroft Mining Holding Corporation (NASDAQ:HYMC) announced that it had found the highest grades of silver at its Vortex Silver System in Nevada, and that results show continuity of resources.

Additionally, the mineralized area is still open in all directions, suggesting that there is a strong chance that more resources can still be found with further drilling.

“With these results and many more expected to come, we are at the very beginning of a pivotal growth phase. While we don’t typically issue results on single drill holes, these recent two holes in Vortex, when viewed together, represent something extremely significant occurring,” said Hycroft Mining Holding Corp. (NASDAQ:HYMC) President and CEO Diane Garrett.

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Disclosure: None. This article is originally published at Insider Monkey.