United States Antimony (NYSE:UAMY) Shares Up 6.8% – Still a Buy?

United States Antimony Co. (NYSE:UAMY)’s stock price was up 6.8% during mid-day trading on Thursday . The company traded as high as $0.70 and last traded at $0.66. Approximately 536,195 shares were traded during trading, an increase of 24% from the average daily volume of 431,745 shares. The stock had previously closed at $0.61.

Analyst Upgrades and Downgrades

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

United States Antimony Stock Performance

The stock has a 50 day moving average of $0.69 and a 200-day moving average of $0.46. The company has a market capitalization of $71.45 million, a P/E ratio of -13.04 and a beta of 0.84. The company has a current ratio of 11.67, a quick ratio of 11.30 and a debt-to-equity ratio of 0.01.

Insider Activity at United States Antimony

In other United States Antimony news, Director Michael A. Mcmanus, Jr. purchased 135,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $0.38 per share, for a total transaction of $51,300.00. Following the purchase, the director now directly owns 218,333 shares of the company’s stock, valued at $82,966.54. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 147,500 shares of company stock worth $58,125. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United States Antimony stock. Truist Financial Corp boosted its holdings in United States Antimony Co. (NYSE:UAMY) by 23.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,328,818 shares of the company’s stock after purchasing an additional 250,000 shares during the quarter. Truist Financial Corp owned approximately 1.23% of United States Antimony worth $447,000 as of its most recent SEC filing. 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.