Industry Overview - The demand for antimony is increasing, creating significant opportunities for companies in the antimony industry, particularly in applications such as lead-acid batteries for military vehicles, flame retardants in military uniforms, and semiconductors for military equipment [1] - The antimony market is projected to reach $6.54 billion by 2029, with a compound annual growth rate (CAGR) of 6.9% [1] Company Profile: United States Antimony (UAMY) - United States Antimony secured a five-year sole-source contract worth up to $245 million from the U.S. Defense Logistics Agency, enhancing its partnership with the Department of Defense [2] - UAMY's stock surged over 13% intraday following the contract announcement [2] - The company operates two smelting facilities capable of producing the required antimony metal ingots, with the first delivery expected soon [3] - UAMY is a fully integrated natural resource company that mines, processes, and produces antimony and other metals, including cobalt, tungsten, precious metals, and zeolite [3] - UAMY is a key U.S. producer of antimony products, including antimony oxide, used in flame retardants and various industrial applications [3] Financial Performance - UAMY's stock has experienced a remarkable increase of 984% over the past 52 weeks and is up 366% year-to-date [5] - The stock reached a 52-week high of $8.40 on October 3 but has since declined by 6% from that peak [5] - Shares jumped 13.2% intraday on the contract award news and nearly 22% intraday on October 1 [5] - UAMY's price-to-sales (P/S) ratio is currently at 64.72 times, significantly higher than the industry average [6]
This Little-Known Stock Just Got a Huge Pentagon Boost. Should You Buy Its Shares Here?