Why Ammo Stock Charged Higher Again Today

Another day, another explosive performance from Ammo (NASDAQ: POWW).

In Wednesday trading, shares of the ammunition manufacturer are shooting up 31.4% (as of 10:50 a.m. EST). There's no actual "new" news to report today, however, so it would appear that what we're seeing today is simply a continuation of the momentum from yesterday's announcement of a quarterly sales projection.

Image source: Getty Images.

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Source Fool.com