Americas Gold and Silver Corporation (NYSEAMERICAN:USAS – Get Free Report) saw some unusual options trading on Tuesday. Stock investors acquired 13,892 call options on the stock. This is an increase of approximately 207% compared to the average daily volume of 4,521 call options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAS. Hudson Bay Capital Management LP bought a new position in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $42,000. State of Wyoming bought a new position in Americas Gold and Silver during the first quarter valued at $43,000. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver in the first quarter worth $46,000. B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver in the second quarter worth $46,000. Finally, Stone House Investment Management LLC raised its stake in shares of Americas Gold and Silver by 130.2% in the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after buying an additional 5,236 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.
Americas Gold and Silver Stock Performance
Shares of NYSEAMERICAN:USAS traded down $0.30 during midday trading on Tuesday, reaching $5.03. The company had a trading volume of 1,233,678 shares, compared to its average volume of 6,327,962. The company’s 50 day moving average price is $5.91 and its 200 day moving average price is $6.42. The company has a current ratio of 1.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.64 billion, a P/E ratio of -22.75 and a beta of 0.86. Americas Gold and Silver has a 52-week low of $1.81 and a 52-week high of $10.50.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on USAS
Americas Gold and Silver Company Profile
Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.
The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.
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