Consumer Automotive Finance (NWAU) Rockets 118% On Hefty Volume: But Why?

Ahead of another week of trading that is about to begin on Monday, it could be a good move for investors to start taking an interest in stocks that recorded significant gains on Friday.

On Friday, the Consumer Automotive Finance (OTC: NWAU) stock emerged as one of the major gainers as it soared by as high as 118% on the back of the heavy trading volume. The trading volume in the stock went past 2.5 million shares. While there has been no news about the company in recent days, it needs to be noted that the Consumer Automotive Finance stock managed to display significant momentum in recent days.

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The company is involved in selling cars that were produced no earlier than the year 2000. In addition to that, the company also offers financing to its buyers by way of sales leases. Investors seem to be excited about its business and it might be a good idea to keep an eye on the stock when trading begins on Monday.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.