The movie theater chain and meme stock, AMC, bought a major share of Hycroft Mining Holding. The transaction makes AMC a 22 percent owner of the gold and silver mining company.

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AMC Buys Major Stake in Gold and Silver Mining Company

And let's also take a look at high craft mining holding, because movie theater chain AMC bought a major stake in the gold miner. This is an unusual expansion for the meme stock favorite AMC will spend $27.9 million in cash for the deal, receiving roughly 23.4 million shares for the mining company and an equal amount of stock warrants warrants. The move would make A. M. C. The owner of about 22% of high craft AMC also saw a slight uptick in shares after this announcement, Ceo noting, quote to state the obvious one, would not normally think that a movie theater company's core competency includes gold or silver mining.