HYMC (Hycroft Mining Holding Corporation) is a gold and silver mining company that has recently been the subject of a lot of attention due to a large investment from AMC Entertainment. HYMC is currently trading at around $0.30 per share, but there is a lot of potential for the stock to move higher in the near future.
On July 31, 2023, HYMC will be reporting its earnings for the second quarter of 2023. Analysts are expecting the company to report a loss of $0.01 per share, but there is a chance that the company could surprise on the upside. If HYMC does report a profit, it could send the stock soaring.
Another reason to be bullish on HYMC is the recent investment from AMC Entertainment. AMC invested $27.9 million in HYMC, which gives the company a 22.2% stake in the company. AMC is a major player in the movie theater industry, and it has a lot of experience in marketing and promoting its products. This could be a huge asset for HYMC as it looks to grow its business.
Finally, HYMC is trading at a very attractive valuation. The company has a market capitalization of just $500 million, but it has $1.3 billion in cash and gold and silver reserves. This means that the company is trading at just 0.4x its net asset value.
Overall, I believe that HYMC is a very undervalued stock with a lot of potential for growth. I am bullish on the stock and I think it could easily move to $1.00 or even $2.00 in the near future.
If you are interested in trading HYMC, I would recommend buying long-dated call options that are out of the money. This will give you the most upside potential if the stock does move higher.
Here are some trade ideas for HYMC:
Buy a July 2023 $0.50 call option for $0.05
Buy a January 2024 $1.00 call option for $0.10
These are just a few trade ideas, and you should do your own research before making any trades.
On July 31, 2023, HYMC will be reporting its earnings for the second quarter of 2023. Analysts are expecting the company to report a loss of $0.01 per share, but there is a chance that the company could surprise on the upside. If HYMC does report a profit, it could send the stock soaring.
Another reason to be bullish on HYMC is the recent investment from AMC Entertainment. AMC invested $27.9 million in HYMC, which gives the company a 22.2% stake in the company. AMC is a major player in the movie theater industry, and it has a lot of experience in marketing and promoting its products. This could be a huge asset for HYMC as it looks to grow its business.
Finally, HYMC is trading at a very attractive valuation. The company has a market capitalization of just $500 million, but it has $1.3 billion in cash and gold and silver reserves. This means that the company is trading at just 0.4x its net asset value.
Overall, I believe that HYMC is a very undervalued stock with a lot of potential for growth. I am bullish on the stock and I think it could easily move to $1.00 or even $2.00 in the near future.
If you are interested in trading HYMC, I would recommend buying long-dated call options that are out of the money. This will give you the most upside potential if the stock does move higher.
Here are some trade ideas for HYMC:
Buy a July 2023 $0.50 call option for $0.05
Buy a January 2024 $1.00 call option for $0.10
These are just a few trade ideas, and you should do your own research before making any trades.