United States Antimony (NYSE:UAMY) Trading Up 3.3% – Still a Buy?

Shares of United States Antimony Co. (NYSE:UAMY) rose 3.3% during mid-day trading on Monday . The company traded as high as $0.72 and last traded at $0.72. Approximately 291,571 shares traded hands during trading, a decline of 33% from the average daily volume of 433,989 shares. The stock had previously closed at $0.69.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on United States Antimony in a research note on Friday, August 30th. They issued a “sell” rating for the company.

United States Antimony Price Performance

The business’s 50-day simple moving average is $0.65 and its 200 day simple moving average is $0.42. The company has a current ratio of 11.67, a quick ratio of 11.30 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $76.99 million, a P/E ratio of -14.20 and a beta of 0.80.

Insiders Place Their Bets

In other news, Director Michael A. Mcmanus, Jr. purchased 135,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $0.38 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 218,333 shares in the company, valued at $82,966.54. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought 147,500 shares of company stock worth $58,125 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United States Antimony

An institutional investor recently raised its position in United States Antimony stock. Truist Financial Corp raised its stake in United States Antimony Co. (NYSE:UAMY) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,328,818 shares of the company’s stock after buying an additional 250,000 shares during the period. Truist Financial Corp owned approximately 1.23% of United States Antimony worth $447,000 as of its most recent filing with the SEC. Institutional investors own 9.49% of the company’s stock.

About United States Antimony

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.