Mississauga, ON -- (SBWIRE) -- 03/10/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Ironclad Performance Wear Reports Weak Q4 Results On Ongoing Oil & Gas Weakness."
Companies mentioned in this article include Ironclad Performance Wear Corporation (OTCQB:ICPW).
Article Excerpt:
The outlook for the construction and mining equipment industry is mixed. While construction activity in the U.S. remains solid, mining and oil & gas exploration activity has seen a sharp slow down. The sharp drop in prices of metals and oil has led to a cut in capital spending, which in turn has weakened the demand for equipment used in mining and oil & gas exploration activity.
However, there is some hope for the industry. The slowdown in China has forced policymakers to consider implementing stimulus measures. Also, oil prices seem to have bottomed out and in fact could see a rebound in the coming weeks as major producers consider a production freeze.
The improving outlook for the industry augurs well for Ironclad Performance Wear Corporation (OTCQB:ICPW). Based in Farmers Branch, Texas, Ironclad is the creator of the performance work glove category. The company is a leader in high-performance task-specific work gloves and continues to leverage its leadership position in the safety, construction and industrial markets through the design, development and distribution of specialized task-specific gloves for industries such as oil & gas extraction, automotive; and police, fire, first-responder and military.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/622/ironclad-performance-wear-reports-weak-q4-results-on-ongoing-oil-gas-weakness.htm
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