3 Reasons AMC's Gold Play Is Bananas; 1 Reason It's Not
April Fools' Day seems to have come 17 days early on Tuesday, as AMC Entertainment Holdings (NYSE: AMC) announced that it was taking a 22% stake in tiny gold miner Hycroft Mining (NASDAQ: HYMC). It was an outlandish development, but the market had an equally incredulous reaction. AMC and Hycroft moved 7% and 9% higher, respectively.
Let's consider three reasons this move is bizarre and one way it makes sense.
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Source Fool.com
