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AMMO ( (POWW) ) has issued an update.
On January 20, 2025, AMMO, Inc. announced the sale of its ammunition manufacturing assets to Olin-Winchester for $75 million. The transaction, anticipated to conclude in the second quarter of 2025, aims to streamline AMMO’s operations and enhance its focus on the profitable GunBroker.com marketplace. This strategic move is expected to improve the company’s cash flow and operational efficiency, positioning it for growth within the expanding firearms e-commerce sector.
More about AMMO
AMMO, Inc. operates within the firearms and ammunition industry and is the owner of GunBroker.com, a leading online marketplace for firearms, hunting, and related products. The company focuses on e-commerce and direct sales within this sector.
YTD Price Performance: 28.21%
Average Trading Volume: 871,018
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $178.1M
See more insights into POWW stock on TipRanks’ Stock Analysis page.
