Tuesday, January 26, 2010
AMMX - Ripe For A Rally
AMMX investors were scooping up shares at a record clip today sending the stock up 35%. Investors were buying in advance of the merger finalization with Cromer Equipment, as well as announcements that are to be forthcoming concerning other recent developments. The merger with Cromer gives AMMX EBITDA of $650,000. That is quite a number for a stock trading at $.027.
AMMX's joint venture in Algeria is another positive development to consider going forward. Today's action looks to be the start of a rally in AMMX shares. Keep this stock on your watchlist going forward.