Efuel EFN Corp (OTCMKTS: EFLN) is having an incredibly strong day in the market today after the company made a key announcement yesterday that proved to be a source of excitement. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:43), EFLN is trading at $0.0021 per share after a gain of $0.0001 per share or 5.00% thus far today.
EFLN Gains Big On Massive Coming Investment
As mentioned above, Efuel EFN is having an incredibly strong start to the trading session this morning after the company announced that EURO-American Finance Network Inc and Stefanovic Family pan to make a large investment in the company. Between the two, EFLN could be seeing a total investment in the amount of $160 million.
The Stefanovic’s family has been increasing its holdings in EFLN for come time now. In fact, the family plans to continue purchasing outstanding shares in the company until their holdings reach approximately 90% of outstanding shares.
For more information on the potential investment coming in the direction of Efuel EFN, as well as further corporate updates, click here.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to follow EFLN incredibly closely. In particular, we’re interested in following this potential investment. The company also stated that it plans to use legal process in order to stop recent manipulation of their stock price, which we are excited to follow. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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