Antimony Resources (ATMY.CN) shares fell 14% over the past week. This decline overshadowed record drilling results from the company's Bald Hill project. Recent intercepts confirmed high-grade mineralization reaching up to 33.4% antimony.
Market concerns over share dilution drove the downward price movement. A recent lock-up expiry introduced 21 million new shares into the market. Analysts highlight that shareholders have faced substantial dilution over the past year.
The selling pressure persists despite favorable market conditions for antimony. The sector is currently experiencing supply disruptions from China. The stock remains characterized by high volatility.