UAMY Shares Extend Losses as Technical Support Fails

US Antimony (UAMY) shares continued their downward trajectory, shedding over 5% in Wednesday's session and breaching a critical technical support level. This latest decline contributes to a dramatic ten-day selloff that has erased more than 43% of the stock's value, raising significant concerns for shareholders.

The stock, which had closed at $6.97 on Tuesday, dropped to $6.62 during Wednesday morning trading. This movement proved significant as it pushed through the previously established support threshold at $6.67. Market technicians view this breach as an indication that selling pressure will likely persist.

This negative technical outlook follows a research report from November 4 that had already categorized UAMY as a "Sell Candidate." The analysis cited persistent financial losses alongside bearish signals across both short-term and long-term moving averages.

Industry Context and Competitive Pressures

The company's struggles occur against a complex industry backdrop where antimony's strategic importance is growing. Despite being designated as a critical mineral for national security and clean energy applications, US Antimony faces several market challenges:

Should investors sell immediately? Or is it worth buying US Antimony?

• Global antimony prices have been elevated since China implemented export restrictions in December 2024
• A March 2025 U.S. Executive Order aims to bolster domestic mineral production
• Competitor NevGold reported promising antimony assay results from its Nevada properties
• Red Mountain Mining is advancing plans for an IPO centered on US antimony assets

These developments raise questions about US Antimony's competitive positioning within the evolving market.

Critical Earnings Report on the Horizon

The coming days represent a potential inflection point for the embattled stock. Market participants are anticipating the next quarterly earnings release, scheduled either pre-market on Tuesday or after the closing bell on Wednesday.

Financial analysts have projected earnings per share between $0.01 and $0.02. Whether the company can meet these expectations remains uncertain. The current technical picture, however, offers little encouragement, with the established downtrend showing no signs of reversal.