Penny Atlas Financial Holdings’ Stock (AFH) More Than Triples As Its Equity Soars After Sale of Gateway Insurance

Under 50 cent stock of Atlas Financial could quickly surpass $1.50 as investors increased the daily total volume to above 125 million shares buying in mass. A current financial condition triggered a sale of its indirect subsidiary Gateway Insurance to Buckle. The transaction was successful and funds of the sale will go for improving the revenue as 12 months EPS could increase gradually. Hence, dividend payments could appear soon.

During the hard economic situation linked to COVID-19 equities of many financial institutions shrank seriously while the main engine of the economy, people stopped receiving paychecks from their employers. Household expenditure of GDP instantly fell record high low.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life