Why United States Antimony Stock Is Rocketing Higher Today
After tumbling 8% lower yesterday from where they ended Monday’s trading session, United States Antimony (UAMY +8.94%) stock is soaring today. Management sees a bargain opportunity to buy back shares of the mining stock, and investors are celebrating the decision.
As of 12:02 p.m. ET, shares of U.S. Antimony are up 9.4%.
Image source: Getty Images.
Digging into the details of the share buyback plan
U.S. Antimony reported in a regulatory filing today that its board of directors has approved a share repurchase program that allows it to repurchase up to $100 million of its outstanding common stock.
Today’s Change
(8.94%) $0.47
Current Price
$5.67
Key Data Points
Market Cap
Day’s Range
$5.45 – $5.78
52wk Range
$3.93 – $19.71
Volume
6.4M
Avg Vol
7.7M
Gross Margin
-3557.06%
Addressing management’s decision, Gary Evans, chairman and CEO of U.S. Antimony, stated, “In light of the future potential of the Company’s current activities and after a thorough review by the Board of Directors, it was determined by unanimous consent, that the price of USAC’s [United States Antimony Company’s] common stock was deemed to be undervalued and the Company should implement the share repurchase program today.”
Is it too late to load up on U.S. Antimony stock?
While management recognizes that U.S. Antimony stock is undervalued right now, investors shouldn’t immediately assume it’s time to click the buy button. With the company failing to generate organic cash flow — it reported negative $20.7 million in cash from operations in the first six months of 2026 — it seems management is making a bold choice by repurchasing shares rather than retaining the cash as it pursues development of its growth projects. At this point, only investors with higher risk tolerances should consider positions in this mining stock.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
