Hey everyone so as always I do my watchlist every night and a stock I came across with a contract win that I haven't seen in anyones watchlist so I'm going to put it out there.
$EAC was awarded two contracts that are "valued at approximately $70 million" with the United States Navy.
-Low Float (5.82 million)
-Market Cap of 7 million
-High short float of 10%
Here is the link of the press release: http://finance.yahoo.com/news/erickson-announces-award-two-contracts-210000995.html
After hours there was a spike from roughly 55 cents to $1.77. If volume picks up this can really run. This will be one of my top watches for tomorrow as a buy. Looking for premarket activity and as always if volume doesn't pick up then I will concentrate on other plays. Long term chart doesn't look so good as it couldn't really hold any of its gains in the past but due to the recent plays that stocks have been spiking huge I believe there is chance this will run as well.
Cool find.
Thanks for sharing!
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