This morning it may be a possibility that the AmeraMex International Inc (OTCMKTS:AMMX) stock may come on to the radars of many investors. The company is involved in supplying heavy equipment meant for logistics companies, forestry conservation and infrastructure construction.
Market Action
On Friday, AMMX stock decreased 4.39% to $0.4250 with more than 6K shares, compared to its average volume of 32.17K shares. The stock moved within a range of $0.4250 – 0.4250 after opening trade at $0.4250.
EQS-News: AmeraMex International Receives Equipment Orders Totaling $540,000
The company came into focus back on Friday after it announced that it had been successful in bagging equipment order worth as much as $540,000. The receipt of new order is almost always seen as a positive for any company and it would be interesting to see if investors move in on the AmeraMex International stock this week or not.
The Chief Executive Officer of the company Lee Hamre spoke about the development as well and noted that 2022 was proving to be another excellent year for AmeraMex International. He noted that the despite the rise in inflation and interest rates as well as stock market, AmeraMex International has continued to generate strong sales in addition to improvement in profit margins.
Hamre went on to add that this situation has resulted in the undervalued AmeraMex International stock coming on to the radars of investors. It may be a good idea to keep an eye on the stock this morning.
Technical Data
AMMX stock is trading above the 20-Day and 50-Day Moving averages of $0.40 and $0.36 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.47.
 Stock In Focus Receiving Equipment Orders){kind=link}