Hycroft (HYMC) Jumps to 4-Year High Anew on Gold, Silver Fever

HYMC +8.70% GC=F +1.89% SI=F +6.39%

We recently published 10 Stocks Delivering Outsized Gains; 3 Are Hitting Record Highs. Hycroft Mining Holding Corp. (NASDAQ:HYMC) was one of the best performers on Friday.

Hycroft soared to a new four-year record on Friday, as investors continued to load up portfolios amid silver and gold’s climb to new all-time highs.

At intra-day trading, 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.

The rally in precious metals and mining stocks remains 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.

Christian Lagerek/Shutterstock.com

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.