This Small Cap Rallied Strongly On $75 Million Asset Sale

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, January 21, 2025

An online firearms and ammunition company found a staggering amount of success on Tuesday after the company announced that it will be selling its ammunition-manufacturing assets to Olin Winchester, a subsidiary of Olin, for total cash consideration of $75 million.

Traders didn’t hesitate to buy up shares of AMMO Inc. (Nasdaq:POWW), pushing the small cap up to $1.71/share (+14.00%) at the early session high. This move is a strong breakout from a multi-month downtrend that this stock had been stuck in since dropping off in mid-summer. We’re excited to see what this company has in store for the near future!

AMMO, Inc. is the owner of GunBroker.com, an online marketplace serving the firearms and shooting sports industries, and a vertically integrated producer of high-performance ammunition and components.

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This Small Cap Rallied Strongly On $75 Million Asset Sale

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