Prior to March, Hycroft Mining (NASDAQ:HYMC) wasn’t well known outside of mining stock circles. But with news of AMC Entertainment (NYSE:AMC) participating in a capital raise by the company, HYMC stock popped on the radar of investors highly familiar with AMC stock.
Since this big rush of increased attention, things have calmed down for this gold and silver mining play. So far in April, shares have given back a fair amount of their recent gains, and may continue to do so in the weeks ahead. The traders who moved too quickly could continue to jump out just as fast.
If you haven’t bought it yet, though, this may not be a bad thing. Likely to see further weakness, you have plenty of time to dive in and learn more about this promising precious metals play.
The post As Shares Pull Back, Take a Closer Look at Hycroft Mining originally appeared at InvestorPlace.