Allied Defense Group (ADG) is a mirco cap stock which manufactures and sells ammunition. Today it announced the closing on the sale of NS Microwave its last non-core asset. On Friday, the stock traded 459,400 shares significnatly above it 13 week average trading volume of 15,043 shares. It will annonuce earnings after the close on Thursday, August 13, 2009. The float is a little above 7 millions shares with its stock trading near its 52 week low it offers significant price appreciation if they are able to execute their business plan.
$3.69 (08/09/09)
