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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Post by Camaronion Jan 24, 2017 12:30pm
135 Views
Post# 25747319

Just watching the changes in Bid/Ask volumes and prices

Just watching the changes in Bid/Ask volumes and pricesI think this a manufactured (coincidental/purposeful unknown) "flash crash" triggered electronically with a goal of scooping up shrs from those with tight stop loss trades. I do note though that SP is at an inflextion point regarding a resistance level at around $4.55 historically on the downside and upside. So we likely will see either a double top formation with a SP down draught to follow (maybe to $3.75). Or, we see a breakout to the upside (maybe to $5.50). Fingers crossed it is the latter, as volume is actually too low this side of the border (Canada) to sell enough shrs on spec and to try to play the downside potential, for me anyway. GLTA exciting lunch hour.
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