United States Antimony (NYSE:UAMY) Shares Up 6.8% - Here's What Happened

United States Antimony Co. (NYSE:UAMY - Get Free Report) shares shot up 6.8% during mid-day trading on Thursday . The stock traded as high as $0.70 and last traded at $0.66. 536,195 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 431,745 shares. The stock had previously closed at $0.61.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of United States Antimony in a research report on Friday, August 30th. They issued a "sell" rating on the stock.

United States Antimony Stock Down 0.5 %

The firm's 50 day simple moving average is $0.69 and its two-hundred day simple moving average is $0.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 11.30.

Insider Activity at United States Antimony

In related news, Director Michael A. Mcmanus, Jr. bought 135,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $0.38 per share, with a total value of $51,300.00. Following the purchase, the director now owns 218,333 shares of the company's stock, valued at approximately $82,966.54. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 147,500 shares of company stock worth $58,125 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of United States Antimony

A hedge fund recently raised its stake in United States Antimony stock. Truist Financial Corp grew its stake in United States Antimony Co. (NYSE:UAMY - Free Report) by 23.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,328,818 shares of the company's stock after acquiring an additional 250,000 shares during the quarter. Truist Financial Corp owned 1.23% of United States Antimony worth $447,000 at the end of the most recent quarter. 9.49% of the stock is currently owned by institutional investors and hedge funds.

United States Antimony Company Profile

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.