AMC Took A Gamble Everyone Questioned — And Just Cashed Out $7.9 Million Profit

Movie theater company AMC Entertainment Holdings (NYSE:AMC) made a surprising move by snatching up a stake in gold mining company Hycroft Mining Corporation (NASDAQ:HYMC) back in 2022. Three years later, AMC is mostly cashing out and showing investors a profit. • AMC Entertainment stock is moving in positive territory. Why is AMC stock trading higher?AMC Sells Majority of Hycroft StakeAMC recently announced it is transferring the majority of its equity investment in Hycroft Mining to Sprott Mining.The deal ...