Ammo Inc (NASDAQ: POWW) announced that the company expects to register a revenue of a minimum of $51 million for the 2Q2021. According to experts, the projected expected income is an increase of 400% compared to last year’s income of the company.
Officials comment on the news of anticipated income
“Our improved outlook reflects strong demand across our entire portfolio of high-performance products and continued momentum in the GunBroker.com business we recently acquired,” said Fred Wagenhals, AMMO’s Chairman & CEO. “We continue to execute well against our growth strategy, expanding capacity and making progress on the GunBroker.com integration,” he added.
Ammo Inc produces ammunition and components. In addition, the company operates GunBroker.com, which is regarded as one of the largest virtual marketplaces that serve the firearms and shooting sports industries.
Vista Gold Corp. (NYSEAMERICAN: VGZ) announces positive drill results
Vista Gold Corp. (NYSEAMERICAN: VGZ) is back in the news. The company recently announced results for one of its projects which is in progress. Results for its drilling projects owned Mt Todd gold project are out. Located in Northern Territory, Australia, the respective project is 100% owned by the company.
President and CEO of the company comments
Frederick Earnest, President, and CEO commented, “We have now completed 16 of 18 holes (5,466 of the planned 6,000 meters) in our current drill program. Each of the holes completed has intersected mineralization consistent with our geologic model for the area north of the Batman deposit. We are pleased that VB21-011 has demonstrated strike continuity of the mineralization intersected in the Northern cross load (Nxld). VB21-011 was collared 100 meters north of VB21-005 (29.4m @ 2.65 g/t) and has defined a number of well mineralized zones that aggregate into a thicker package. The Nxld intercepts have so far been of a higher grade than those intersected in Batman and we are looking forward to additional drilling planned in this area.”