Large Outflow of Money Witnessed in Hecla Mining Company

Shares of Hecla Mining Company (NYSE:HL) traded 0.01 points or 0.22% higher at $4.5.The total intraday money flow for the shares came in at a disappointing $(-0.91) million. The total upticks amounted to $7.53 million and the total downticks were approximately $8.44 million, with the up/down ratio of 0.89. On a different note, the shares have seen 1.35% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0.75 million in upticks and an outflow of $0.66 million in downticks. The up/down ratio for the block was found to be 1.15. The net money flow for the block transaction was $(0.1) million.


Currently the company Insiders own 1.8% of Hecla Mining Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.16% . Institutional Investors own 50.8% of Hecla Mining Company shares. During last six month period, the net percent change held by insiders has seen a change of -22.16%. On the companys insider trading activities, The director, of Hecla Mining Co/De/, Taylor Anthony P had unloaded 12,000 shares at $4.27 per share in a transaction on June 3, 2016. The total value of transaction was $51,240. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Hecla Mining Company (NYSE:HL) : On Monday heightened volatility was witnessed in Hecla Mining Company (NYSE:HL) which led to swings in the share price. The stock opened for trading at $4.61 and hit $4.63 on the upside , eventually ending the session at $4.5, with a gain of 0.22% or 0.01 points. The heightened volatility saw the trading volume jump to 9,758,133 shares. The 52-week high of the share price is $4.75 and the company has a market cap of $1,728 million. The 52-week low of the share price is at $1.45 .

Many analysts have stated their opinion on the company shares. ScotiaBank downgrades its rating on Hecla Mining Company (NYSE:HL). Analysts at the ScotiaBank have a current rating of Underperform on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on April 11, 2016.

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.

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