United States Antimony Announces Share Buyback Program, Driving Sharp Rise in Stock Price
Shares of United States Antimony (NYSE: UAMY) surged by nearly 9.4% as the company announced a $100 million share repurchase program approved by its board of directors. The move follows an 8% drop in stock price on Monday, and management believes shares are currently undervalued based on future potential. Gary Evans, chairman and CEO, emphasized that this decision was made after careful review. Despite the positive market reaction to the buyback plan, analysts caution investors due to U.S. Antimony's financial challenges. The company reported negative $20.7 million in cash from operations during the first half of 2026, raising concerns about its ability to fund growth projects while repurchasing shares.
Tickers: $UAMY