Unusual Machines, Inc. (UMAC) is experiencing a surge in its stock price following the recent presentation of its new ReadyMac 500 at Plast Eurasia. The company, a member of the EREMA Group, has expanded its ReadyMac product line to include a 60 hertz version, making it available for global deployment. This new version of the plastics recycling system, known for its cost-effectiveness and versatility, was showcased in Istanbul from December 4 to 7, 2024. The ReadyMac 500, priced at €375,000, is designed to process a wide range of materials and contamination levels, offering high-quality recycled pellets with a throughput of up to 500 kg/h for various plastics. The machine's immediate availability and robust design have likely contributed to increased investor interest.
The current price of UMAC stock is $13.43, reflecting an 8.48% increase from the previous close of $12.38. The stock opened at $12.84 and has reached a high of $13.70 and a low of $12.72 so far today. Despite being early in the trading day, the volume is at 665,643 shares, which is 14.41% of the average daily volume of 4,618,216 shares.