AMC is heavily invested in this mining company and it's of interesting value. I think at this point Hycroft is pretty beaten down and has now entered a decent accumulation zone if for nothing else a possible bounce. We also have a descending triangle that is back-testing support, and lastly, both RSI and Stoch RSI are looking very prime for a run. Not financial advice.
Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver producer in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2020, its Hycroft mine had proven and probable mineral reserves of 11.9 million ounces of...
AMC Entertainment purchased 22% of Hycroft Mining (NASDAQ: HYMC) of northern Nevada.
Eric Sprott is also making an investment in Hycroft equal to AMC.
AMC will receive an additional 23.4 million warrants in Hycroft at $1.07 per share.
The price of HYMC is now $1.52 and the market cap 91.825Mil.
I wouldn`t be surprised to see a spike to the $3.90...
Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver producer in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2020, its Hycroft mine had proven and probable mineral reserves of 11.9 million ounces of...
