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Hawk’s Nest

Small Cap Gold Miner Sees Large Unusual Call Buyer

by | Mar 23, 2023

Harmony Gold (HMY) buyer of 2000 January $5 calls at $0.55 offers today. Small gold miner nearing big breakout on weekly chart above 4.00 level. HMY weekly chart with a nice look to it as gold prices breakout to recent highs and can see a run to $5 or higher this year if that persists with last years highs up near 5.50. A close above yearly value area at 4.30 can see momentum increase higher. HMY still has size in January $3 calls in open interest from buyers last October.

Harmony Gold Mining Company Limited is a $2.5B small cap South Africa-based gold mining and exploration company. The Company is engaged in gold mining and related activities, including exploration, extraction, and processing. The Company’s segments include South Africa Underground, Surface, and International. Gold bullion, its principal product, is produced at its operations in South Africa and Papua New Guinea (PNG). Uranium and silver are produced as byproducts. In South Africa, its nine underground operations are located within the Witwatersrand Basin; one in the Klerksdorp goldfield; three in the West Rand; and five in the Free State, in the southern portion of the Witwatersrand Basin.