Large Outflow of Money Witnessed in Hecla Mining Company

Hecla Mining Company (HL) : The total money flow in Hecla Mining Company (HL) was negative ($1.14 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.58 million. In comparison, the inflow of money into the stock on upticks was $0.45 million. The uptick to downtick ratio was 0.28. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.02 million. The negative money flow of ($1.02 million) confirms the selling in Hecla Mining Company (HL) on strength. Hecla Mining Company (HL) gained $0.24 at $5.95, a gain of 4.2% over the previous days close. However, the stock registered 3.66% in the week.


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 -14.43% . Institutional Investors own 59.65% of Hecla Mining Company shares. During last six month period, the net percent change held by insiders has seen a change of -14.42%.

In a related news, Sienko David C, officer (VP & General Counsel) of Hecla Mining Co/De/, unloaded 13,722 shares at an average price of $5.85 on August 26, 2016. The total amount of the transaction was worth $80,274, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Hecla Mining Company (NYSE:HL): The stock opened at $5.95 and touched an intraday high of $6.03 on Friday. During the day, the stock corrected to an intraday low of $5.72, however, the bulls stepped in and pushed the price higher to close in the green at $5.91 with a gain of 3.50% for the day. The total traded volume for the day was 12,135,247. The stock had closed at $5.71 in the previous trading session.

Hecla Mining Company (HL) has been under a strong bear grip, hence the stock is down -8.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.45% in the past 1 week. The stock has risen by 2.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.08% in the past 4 weeks.

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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