Antimony Resources: Analyst's C$3 Target Clashes With Technical Breakdown at Bald Hill
Published on 07/11/2026 at 13:23 | Redaktion boerse-global.de
The chasm between fundamental promise and market performance at Antimony Resources has rarely looked wider. A renewed "Buy" rating and C$3.00 price target from GBC AG did nothing to prevent shares from sliding sharply — a stark illustration of how sentiment, not news flow, currently drives the price action. The stock recently closed at €0.37, a weekly loss of 14.42 percent, after having already slumped to €0.35 the previous week for an 18.60 percent weekly decline. That places the shares roughly 65 percent below their 52-week high of €1.05, reached on March 17.
The German research house stuck to its guns on July 8, updating its study on the antimony explorer in response to the latest diamond-drill results from the Bald Hill project in New Brunswick. On July 6, the company reported assays from four more holes in the Main Zone, part of an ongoing 18,000-metre programme designed to step out and infill known mineralisation. Drill hole BH-26-20 returned 13.14 percent antimony, while BH-26-25 delivered intervals of 16.65 percent and 33.40 percent Sb, the latter over 1.10 metres. An outlier in hole BH-26-27 measured 15.9 metres of mineralisation. GBC viewed the repeated confirmation of such high grades as a sign of declining geological risk.
CEO James Atkinson said the Main Zone drilling is intentionally testing the southern continuation of mineralisation into areas with little prior data. Away from the Main Zone, soil sampling on the newly acquired Second Run claim, roughly three kilometres to the south, has flagged new target zones. In the Central Zone, more than 2,000 metres of drilling have been completed to test mineralisation beneath known surface trenches, with results expected in about two weeks.
Should investors sell immediately? Or is it worth buying Antimony Resources?
The market's attention is increasingly trained on the company's first official mineral resource estimate. A NI 43-101 technical report, while stopping short of a formal resource, defines an exploration target based on a 3D block model: between 69,994 and 92,782 tonnes of antimony at a grade of 3.0 percent Sb, rising to 93,325–123,711 tonnes at 4.0 percent Sb. This target rests on 16 diamond drill holes covering roughly 3,160 metres, drilled between April and July 2025. Roughly 75 percent of the holes intersected high-grade antimony mineralisation, confirming a continuous zone with a strike length of about 700 metres and a depth of at least 400 metres — and, critically, the structure remains open both along strike and at depth.
Despite that geological confidence, the charts tell a different story. The shares trade roughly 20 percent below both their 50?day moving average of €0.46 and their 200?day moving average of €0.47 — a level typically regarded as long-term support. The 30?day annualised volatility exceeds 100 percent, underlining the speculative, news-driven nature of the stock. The 14?day relative strength index stands at 41.2 (or 38.4 in a separate reading), approaching but not yet deep into oversold territory.
For the bulls, the long-term trend remains intact. The stock has climbed between 355 percent and 379 percent over the past twelve months, a reflection of the surging interest in antimony since China tightened export controls on the critical metal. At roughly 375 percent above its 52?week low of €0.07, the pullback from the high of €1.05 — a decline of about 67 percent — can be read by some as a potential entry point, especially given the strategic demand for antimony in defence, electronics and renewable-energy supply chains.
The bear case, however, centres on execution risk and technical deterioration. The shares have decisively broken below their 200?day average, and the 30?day downtrend of roughly 14 percent shows no sign of abating despite strong assay news. Without a formal mineral resource estimate, the project remains in a highly speculative phase. The next catalysts — further assay results from the Central Zone expected in the second half of July, followed by the maiden NI 43?101 resource — will determine whether the fundamental story can close the gap on the market's waning confidence. Until then, technical pressure looks set to persist.
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Antimony Resources Stock: New Analysis - 11 July
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