Shares of Ammo (NASDAQ: POWW) closed 13.7% higher on Tuesday after the ammunition manufacturer announced the resumption of production on a manufacturing line for "improved" .50 caliber ammunition.
Production will be at the Jagemann Munition Components plant that Ammo acquired as part of its March 2019 acquisition of Jagemann.
.50 caliber is a big bullet -- and could mean big bucks to Ammo. Image source: Getty Images.
Source Fool.com