Bullboard - Stock Discussion Forum Americas Gold and Silver Corporation T.USA

Alternate Symbol(s): USAS

Metals & Mining Industrial Metals & Minerals

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... see more

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Americas Gold and Silver Corporation > R For Restriction

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Post by jdbutts on May 18, 2021 3:34pm

R For Restriction

Did anyone else notice the big Red R for "Restricted Trading"? Guess it will stay that way until avg price climbs back above $2 (if that ever happens!) I suppose a number of the Funds that bailed didn't do so because they wanted to cut their losses; rather because they are not allowed to hold "penny stocks". As said, working on assumptions here. Can anyone confirm current cut off price?

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Comment by Heywood_Silvers on May 18, 2021 11:09pm

I see no "R" for trading. USAS trades on the AMEX, which has other such stocks as THM and up until yesterday WRN which traded well below $2 for quite some time. I think the $2 level was the original hurdle needed to be passed so that USAS could list stateside. Of course, that was more or less a boondoggle which led to the 1:12 reverse split. I wonder how much better a ...more

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