In American markets Monday, the tidings of spiking oil prices pushed investors into a frenzy. All the more refreshing to learn that AmeraMex International, Inc. (OTC:AMMX) enjoyed a fair climb in its stock prices, on word it ha received a $340,000 order for an ASV all-terrain vehicle and construction equipment.
The Chico, Calif.-based company, a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, also says the shipping is headed for a Northern California customer in the logging industry. Moreover, it will be utilized to help reduce the danger of forest fires by efficiently and economically removing underbrush.
The construction equipment is shipping to a company in Northern California. According to CEO Lee Hamre, the sales associate hired to focus on ASV sales has sold more than 10 units and well over $2 million in sales over the past 12 months.
AmeraMex International shares moved into Monday afternoon trading up one-10th of a cent, or 6.7%, to 1.59 cents, on volume surpassing 528,000 shares.
