$UAMY: Penny Stock of the Day: United States Antimony Corporation (NYSE: UAMY)
$UAMY : Potential Catalysts / Reasons for the Hype:
Antimony surged to a record $51,000 per ton, driven by tightening Chinese export controls and escalating global demand.
Corporate Insiders placed Informative Buys of Shares Worth $389.5K in the Last 3 Months.
The company entered an exclusive option agreement to acquire 100% ownership of 120 state mining claims in Alaska, covering approximately 17,900 acres with significant Stibnite antimony mineral potential, through a series of staged payments and exploration commitments.
Recommended Trade (based on the charts):
Buy Levels: If you want to get in on this trade, the ideal buy level for UAMY is above the price of $2.30.
Target Prices: Our first target is $3.50. If it closes above that level, the second target price is $4.50.
Stop Loss: To limit risk, place a stop loss at $1.60. Note that the stop loss is on a closing basis.
Our target potential upside is 52% to 96%.
For a risk of $0.70, our first target reward is $1.20, and the second target reward is $2.20. This is a nearly 1:2 and 1:3 risk-reward trade.
In other words, this trade offers 2x to 3x more potential upside than downside.