Tuesday, January 26, 2010

AMMX - Ripe For A Rally

AMMX investors were scooping up shares at a record clip today sending the stock up 35%.  Investors were buying in advance of the merger finalization with Cromer Equipment, as well as announcements that are to be forthcoming concerning other recent developments.  The merger with Cromer gives AMMX  EBITDA of $650,000.  That is quite a number for a stock trading at $.027. 

AMMX's joint venture in Algeria is another positive development to consider going forward.  Today's action looks to be the start of a rally in AMMX shares.  Keep this stock on your watchlist going forward.




3 comments:

Anonymous said...

Will be nice to see this break the recent high of $0.059! Thanks for the tip!

Anonymous said...

I'd suggest sending another alert on this one. HUGE buying opportunity here.

Anonymous said...

AMMX ther were only bid squatters today , and people exited out from y'days Gains . The chrat seems to be turning bearish now with a big engulfing candle. Your thoughts ?