We recently published 10 Stocks With Effortless Double-, Triple-Digit Gains. Hycroft Mining Holding Corp. (NASDAQ:HYMC) was one of the top performers last week.
Hycroft grew its share prices by 46.3 percent week-on-week to notch a new all-time high, as investors loaded portfolios following silver and gold prices’ climb to record prices.
On Friday alone, Hycroft Mining Holding Corp. (NASDAQ:HYMC) jumped to its highest price of $51.47 before paring gains to end the day just up by 8.48 percent at $50.65 apiece. This as spot prices of silver cracked past the $103 level, while gold ran to as high as $4,988, or just $12 shy of the $5,000 territory.
Photo from Hycroft Mining website
The rally in precious metals and mining stocks was boosted by geopolitical tensions between the world’s largest economy and the European Union, despite both parties already recalling previously announced tariff plans, as investors stayed cautious amid a volatile and unpredictable US president.
Meanwhile, Hycroft Mining Holding Corp. (NASDAQ:HYMC) announced earlier that it had found the highest grades of silver in the Vortex Silver System at its Nevada site, and that drilling results in all depths and directions show continuity of resources.
Hycroft Mining Holding Corp. (NASDAQ:HYMC) is a US-based gold and silver producer exploring and developing one of the world’s largest precious metals deposits in Nevada.
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Disclosure: None. This article is originally published at Insider Monkey.
