AMMO (NASDAQ:POWWP) Trading 1.1% Higher – Here’s What Happened

AMMO, Inc. (NASDAQ:POWWP)’s stock price shot up 1.1% during trading on Thursday . The stock traded as high as $23.76 and last traded at $23.75. Approximately 6,041 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 3,830 shares. The stock had previously closed at $23.50.

AMMO Price Performance

The firm’s fifty day moving average price is $24.18 and its two-hundred day moving average price is $24.38.

AMMO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.5469 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.19 annualized dividend and a dividend yield of 9.2%.

AMMO Company Profile

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.