A Phoenix-based tech firm just announced that its subsidiary, Excel Fabrication (Excel) was awarded $1.3M in new contracts during the month of march to close out the first quarter. Shares of Alpine 4 Holdings, Inc. (OTCQB:ALPP) were trading higher on the news, as these new projects throughout Idaho, Oregon and Washington could lead to operational growth.
Alpine 4 is a leading operator and owner of small market businesses, and acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. The company’s focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation.
Traders wasted no time grabbing shares to an early session high of $3.98/share (+10.56%) following the announcement. This move allowed long term shareholders to breathe a little easier since the stock has been experiencing a multi-week pullback from its February high of $9.49/share.
