Hecla Mining Company (HL) Plunges 7.09% on December 19

Hecla Mining Company (HL) Plunges 7.09% on December 19

Hecla Mining Company (HL) had a rough trading day for Wednesday December 19 as shares tumbled 7.09%, or a loss of $-0.18 per share, to close at $2.36. After opening the day at $2.56, shares of Hecla Mining Company traded as high as $2.62 and as low as $2.35. Volume was 7.06 million shares over 17,839 trades, against an average daily volume of 5.43 million shares and a total float of 480.2 million.

As a result of the decline, Hecla Mining Company now has a market cap of $1.13 billion. In the last year, shares of Hecla Mining Company have traded between a range of $4.63 and $2.17, and its 50-day SMA is currently $2.56 and 200-day SMA is $3.23.

Hecla Mining produces and explores for silver, gold, lead, and zinc. Its main silver mines include Idaho-based Lucky Friday and Greens Creek in Alaska. Hecla acquired 100% of the Greens Creek from Rio Tinto in April 2008, after holding a 29% interest for 20 years. The acquisition doubled the company’s silver production. The operating business segments are the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, and the San Sebastian unit.

Hecla Mining Company is based out of Coeur d’Alene, ID and has some 1,431 employees. Its CEO is Phillips S. Baker.

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