Bouncing off record lows set last week, the NYSE MKT listed penny stock of United States Antimony Corp. (UAMY) is charging through resistance points like butter today. Pushing back to the 50-Day moving average in early trading, UAMY stock has already traded 2X its 3 month average volume just over 1 month after reporting a loss of $408,825 on revenues of $2,966,775 during Q1 of 2013. With the expansion of the Company’s Mexico milling capacity from 150 tons per day to 225 tons per day in early Q2, both long investors and short term traders are seeing great value prior to the next earnings realease.
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UAMY Stock Quote
Market Cap: 77.68M
Last: 1.27 ▲ +0.21 (+19.81%)
Volume: 215,623
Open: 1.06
High: 1.33
Low: 1.06
Trades: 290
Authorized: 90,000,000
Issued and Outstanding: 61,896,726
1st Resistance Point: 1.3807
2nd Resistance Point: 1.4903
1st Support Level: 1.1107
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According to the most recent Q filing, United States Antimony reported that mining activity at their Los Juarez property, located in Mexico, was accelerated to develop more mine faces besides Minas Grande that assayed 0.728% antimony, 6.22 ounces of silver (193 grams) per metric ton, and 0.023 ounces of gold (0.7 grams) per metric ton on a 1,415 ton mill run. On top of that, smelting capacity at their Madero smelter was 2x and it was running at capacity.
The few bullish comments made regarding the Q1 earnings release were not enough to keep some investors locked in since UAMY stock had already been on a YTD slide from $2.34 set in the early part of January. However, the recent increase in volume and trading activity has brought a ton of new attention to the cheap gold stock which is starting to become a much better long candidate at its current levels than it was a month or even 2 months ago.
Q2 earnings should be released sometime toward the early part of August. With more than $14 million in assets and just $3.25 million in total liabilities, the increased production capacity will be an obvious bonus to adding more revenues to the top line. Having already experienced growth in revenues every year since 2009, 2013 could be a banner year with positive net income which would make grabbing some UAMY at around $1.20 a bargain of a long trade.
About UAMY Stock
United States Antimony Corporation has produced various antimony, silver and gold products since 1969.
Click here to view the SEC filings for UAMY.
Click here to view the website for United States Antimony.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 06/20/13 | 1.06 | -0.14 | -11.67% | 386,100 |
| 06/19/13 | 1.20 | +0.09 | +8.11% | 226,800 |
| 06/18/13 | 1.11 | +0.05 | +4.72% | 129,200 |
| 06/17/13 | 1.06 | -0.05 | -4.50% | 96,400 |
| 06/14/13 | 1.11 | -0.04 | -3.48% | 117,055 |
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Bottom Line:
Going long or looking t flip, UAMY has become a very attractive NYSE MKT listed penny stock. Basing all future potential on the increased milling capacity the Company has implemented should make UAMY an easy winner over the slow and rough summer months.
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