Heavy equipment supplier AmeraMex International Inc (OTCMKTS:AMMX) has not had the greatest of times in the capital markets this year so far and has seen its stock clock a decline of as much as 13% in 2021.
The company primarily supplies heavy equipment meant for military vehicles, logistics firms and infrastructure construction purposes. In recent times, there has hardly been any news about the company at all and one would need to go as far back as May of 2018 this year to come across a piece of relevant news about AmeraMex.
Back on May 21, 2018 the company announced that it had appointed a new Chief Financial Officer in the form of Hope Dilbeck-Stone and the appointment went into effect on June 4, 2018. Stone was supposed to be reporting directly to Leo Hamre, the Chief Executive Officer and was going to be in charge of financial matters at AmeraMex.
While it was a significant news for the company, it should be noted that it is unlikely that it had any effect in the price action in the stock this year. At this point, it could be a good move from investors to keep an eye on any news that might emerge with regards to AmeraMex.
