Alpine 4 Holdings Inc (OTCMKTS:ALPP), which is best known for owning and operating small market businesses, has seen its stock jump by 5% this morning.
This morning the company announced that its subsidiary company Morris Sheet Metal has bagged an order contract worth $2.3 million in fresh building projects. It is a major development for Morris Sheet Metal considering the fact that the latest deal has brought the total worth of the backlog of production work to $9.6 million.
The company’s backlog has continued to grow in recent times because of its ability to deliver its services to a wide range of sectors including healthcare and food processing among others. In this regard, it might be interesting to note that the biggest healthcare provider in Northeast Indiana awarded Morris Sheet Metal with many projects that were cumulatively worth $500000. Needless to say, this is a major positive for Alpine 4 and the action in the stock this morning is not particularly surprising.