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Big Gainer; U.S. Silver Corp. (USSIF)

By Warren Paige

Shares of U.S. Silver Corp. (PINK: USSIF), a company engaged in the exploration, extraction, and development of solver-copper-lead metals, are seeing a huge rally in trading today.

At last check, the penny stock of USSIF was trading 25.35% higher at $1.78 on above average volume of 1.25 million.

U.S. Silver shares are soaring after Hecla Mining Company announced plans to make an all cash offer to acquire all of the outstanding shares of the company for C$1.80 per share and all of the outstanding common share purchase warrants of the company for C$0.205 per warrant.

USSIF today responded to the unsolicited offer from Hecla. The company said that its Board of Directors is in the process of reviewing the offer.

 

July 26th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.