Why Ammo Stock Was 28% Higher Today

Firearms ammunition manufacturer Ammo (NASDAQ: POWW), a virtually unheard-of penny stock up till a few months ago, roared into the headlines last week after forecasting a nearly 500% year-over-year sales increase in its fiscal 2021 third quarter.

And now Ammo is doing it again. Its stock rose 28% by 2:45 p.m. EST on Tuesday after Ammo announced this morning that it expects to post a 317% year-over-year increase in fourth-quarter 2021 revenue.  

Image source: Getty Images

Continue reading

Source Fool.com