Today, we feature a metal recycler, Armco Metals Holdings Inc (NYSE: AMCO) as today’s top momentum gainer to watch since it gained over 16% in the last two consecutive trading days with huge trading volumes. AMCO was among the top gainers in the U.S industrial sector during the last trading session, after gaining 32.5% and closed at $0.51 while recording significant volumes of 981,219 shares. During the past 5-trading sessions, AMCO gained over 64.5% with 5-day average volumes of 397,943 shares, while the stock accumulated over 60% during the past month with daily average volume of 173,504 shares.
Company Description:
Armco Metals Holdings Inc (NYSE: AMCO) imports, sells and distributes metal ores, and non-ferrous metals to the metal refinery industry in the Peoples Republic of China. The company also operates a scrap metal recycling facility in the Banqiao Industrial Zone of Lianyungang Economic Development Zone in the Jiangsu province of the PRC.
1-Year Stock Chart:
Source: Bloomberg
