AMMO, Inc. (NASDAQ:POWWP – Get Free Report)’s share price dropped 0.1% on Thursday . The stock traded as low as $24.50 and last traded at $24.3760. 3,326 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 3,614 shares. The stock had previously closed at $24.40.
AMMO Stock Down 0.1%
The business has a fifty day moving average of $24.20 and a two-hundred day moving average of $24.35.
AMMO Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Monday, June 1st.
About AMMO
AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.
The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.
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