AmeraMex International (OTCMKTS:AMMX) is well-known as a provider of heavy duty equipment for logistics companies, infrastructure construction and forestry conservation. It has made a major announcement about receiving equipment orders that add up to a whopping $1,041,000! AmeraMex has stated that they have generated sales of approximately $20.9 million, year-to-date.
The orders received are of the following equipment:
One ASV 120 Forestry Skid Steer Loader with a mulching head. It will be used on a commercial farm for removing undergrowth.
Two refurbished Taylor THDC 955 for stacking loaded containers or ISO Tanks, Stacks 5 containers high, 20′-40′ spreader. They are to be sent to a trucking yard in California. One refurbished Taylor TEC950 Loaded container handler to be sent to a trucking yard in California.
One refurbished Tier 3, 2010 Taylor Loaded Container Handler to be dispatched to a West Coast port. One 2017 John Deere 317G Track Skid Steer shipping to a fencing contractor in Northern California.
CEO Lee Hamre says that the company has done quite well this year, although current stock prices are yet to reflect the substantial progress they have made. They plan to present at several investor conferences in order to introduce AmeraMex properly to the community.
Market Reaction:
On Friday, AMMX stock jumped 5% to $0.4400 with more than 9K shares, compared to its average volume of 12K shares. The stock has moved within a range of $0.4020 – 0.4500 after opening the trade at $0.44.
