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Ammo Shares Pop 17% as Balance Sheet Shows Improvements

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By Denny Jacob

Ammo Inc. shares popped 17% to $2.39 in aftermarket trading Wednesday following signs of an improved balance sheet.

The ammunition maker said it reduced total inventories by nearly $13 million in the fourth quarter. Cost of revenue declined to $31.8 million from $49 million a year earlier.

Additionally,…

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