Australia markets closed
  • ALL ORDS

    7,369.40
    -53.80 (-0.72%)
     
  • AUD/USD

    0.6727
    +0.0000 (+0.01%)
     
  • ASX 200

    7,175.50
    -53.90 (-0.75%)
     
  • OIL

    72.72
    +0.71 (+0.99%)
     
  • GOLD

    1,796.80
    -1.20 (-0.07%)
     
  • BTC-AUD

    24,997.61
    -428.88 (-1.69%)
     
  • CMC Crypto 200

    394.39
    -7.64 (-1.90%)
     

Why AMC Entertainment Is Crashing Once More Today

Why AMC Entertainment Is Crashing Once More Today

Shares of AMC Entertainment Holdings (NYSE: AMC) are tumbling 9.1% at 11:06 a.m. ET on Wednesday after defunct gold and silver miner Hycroft Mining (NASDAQ: HYMC) reported it received a delisting notice from the Nasdaq Stock Market. AMC surprised investors earlier this year by taking a 22% stake in Hycroft in exchange for a $28 million cash infusion. Metals investor Eric Sprott invested a similar amount into Hycroft in return for the same percentage ownership position.