While there have been many drops in the share price of United States Antimony Corp.(OTC:UAMY) in 2011, this is still perhaps the best year for the company and its stock. Back in March, it was $0.5 per share. Last Friday, it was $3, even though the session was one of decline for the stock price. 
USAC is not the typical OTC company not only because of the high share price. Since the beginning of 2011, it has been a more than 400% increase in the stock price, which is rare but not one-of-a-kind situation. Despite most penny stock players, however, this one is obviously not fond of press releases and announcements. In fact, while most companies would have been issuing a PR every other day, if they had such a positive turn of events on the stock market, one press release of USAC is enough to cover a few months. On the other hand, it is not press releases that drive the share price up this year. $3 is a result of another catalyst, far more objective.
Financial results. It is positive balance sheets that inspire traders for all the hypes of USAC on the stock market. Two 10-Q statements so far this year, and as previously mentioned, a more than 400% increase in the share price. Of course, when the above SEC filings come, there is also an announcement from the company. Inspiring announcements, like the one on August 15th titled “U.S. Antimony Reports Record Quarterly Revenues”. Below are stated some of the figures included in this quarterly statement with an end-date June 30th: [BANNER]
- $314k in cash;
- $2.6 million in total current assets;
- $1.3 million in total current liabilities;
- $19.9 million in accumulated deficit;
- $3 million in revenues;
- $86k in net income;
So far, it seems that the management of UAMY is going the extra mile. Whether it would continue to do so in the months to come as well, is a question yet to find its answer.
