24/7 Market News Snapshot 21 January, 2025 – AMMO, Inc. Common Stock (NASDAQ:POWW)
DENVER, Colo., 21 January, 2025 (247marketnews.com) – (NASDAQ:POWW) are discussed in this article.
AMMO, Inc. has experienced a notable surge in its stock performance, opening today at $1.57 and currently trading at $1.647, marking an impressive increase of 9.8% from its previous close of $1.50. This upward movement, accompanied by a current trading volume of 3.70 million shares, indicates significant investor interest and activity, suggesting a promising outlook for the stock. Traders are advised to monitor these volume levels closely, as sustained high volumes might confirm bullish market sentiment, although caution is warranted due to the inherent unpredictability of market dynamics.
In parallel, Olin Corporation has announced a crucial acquisition that is poised to enhance its Winchester Ammunition division. The company has entered into an agreement to acquire AMMO, Inc.’s small caliber ammunition manufacturing assets for $75 million. This transaction is aimed at bolstering Olin’s operational capabilities and specialization in the commercial ammunition sector.
The acquisition includes state-of-the-art brass shellcase manufacturing capabilities and a newly constructed production facility covering 185,000 square feet, significantly augmenting Winchester’s production infrastructure. With immediate adjusted EBITDA benefits expected, Olin projects that synergies from this deal will reach approximately $40 million once fully realized.
Brett Flaugher, President of Winchester Ammunition, highlighted the strategic importance of the Manitowoc assets in extending Winchester’s leadership position and expanding its capacity to produce high-margin specialty calibers. Olin’s President and CEO, Ken Lane, noted that this acquisition aligns with Winchester’s broader growth strategy and anticipates that it will contribute between $15 million to $20 million in incremental adjusted EBITDA within the first year.
The closing of this strategic deal is anticipated in the second quarter of 2025, underscoring Olin Corporation’s commitment to enhancing its position in the ammunition market and driving sustainable growth.