Why Ammo Stock Popped on Tuesday

Shares of ammunition manufacturer Ammo (NASDAQ: POWW) continued to pop off on Tuesday, the first trading day of this week -- and the second day since Ammo announced that it has won a contract to supply a "significant" amount of ammunition to a foreign buyer.

As of 2:45 p.m. EST today, Ammo stock is up 5%, adding to the 1.9% gain it enjoyed the day after the contract was announced.

Image source: Getty Images.

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Source Fool.com