Shares of metal and mining company United States Antimony Corporation (UAMY) surged 65.13% in the after-hours trading on Tuesday. Trading 17.33 million shares in session after the ring of the bell, the stock price climbed to $1.61 against the regular-session closing price of $0.98.
On Tuesday, the day began trading at $0.89 for the company and recorded an intraday high of $1.04. During the trading session, it also recorded an intraday low of $0.88. UAMY stock remained highly active on the day that recorded a trading volume of more than 474.43 percent of the average daily trading volume. On Tuesday, the stock trading volume was 31.249 million, which is more than the 3-month total daily average trading volume of 5.44 million.
What the company do?
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in the United States and Canada producing and selling precious metals including silver, gold, and zeolite products.
The company announced that it had signed a non-binding letter of interest with AMBRI, a company that uses antimony in its new off-grid storage batteries, about the future supply of antimony. Also, Lloyd Joseph Bardswich has joined the board of directors of UAMY on February 9, 2021. The executive has vast mining, mining infrastructure, construction, exploration, metallurgy, and construction of plants expertise. He is a certified licensed mining engineer and has worked as a Shift Supervisor, Mine Safety Engineer, Mine Foreman, Mine Manager, and Mining Contractor as a QP (qualified person) for reporting to NI43-101 requirements. Mr. Bardswich has yet to be assigned to one of the committees of the Board.
Earlier this month, with several financial institutions, the company closed its previously announced registered direct offering and subsequent private placement. About $10.7 million of the company’s common stock and warrants in the exercise were purchased by corporate buyers.