Gaensel Energy Group Inc (OTCMKTS:GEGR): Why Is This Energy Stock Picking Up Momentum?

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If you are currently looking into diversified holding companies then it may be a good time to perhaps take a closer look at Gaensel Energy Group Inc (OTCMKTS:GEGR). The company has interests across a range of sectors and last week on October 5 it was in the news after it provided a major new corporate update.

Trading Data

On Wednesday, GEGR stock went up 10.28% to $0.0275 with more than 200 shares, compared to a volume of 1.05 million shares. The stock moved within a range of $0.0275 – 0.0275 after opening trade at $0.0275.

The company announced at the time that it had been successful in picking up a 50% stake in FMF GROUP SRL, a real estate project financing and development company based out of Reggio Emilia in Italy. It was a significant new addition to the company’s portfolio considering the fact that FMF GROUP has been involved in the development and financing of real estate projects in the Northern region of Italy since as far back as 2007. It is an established company in its industry.

Over the course of the first two quarters of this year, FMF GROUP managed to bag construction and renovation projects worth more than $12,000,000. However, the company has also noted that thanks to the backing of its partners and Gaensel Energy Group, it could end up acquiring new contracts worth $13,000,000.

The latest investment from Gaensel Energy Group is also going to allow the holding company to further strengthen its presence in the European and Italian real estate development industry. In light of the latest development, it may be a good time for investors to perhaps add the Gaensel Energy Group stock to their watch lists and watch for further developments.

Gaensel Energy Group Inc (OTCMKTS:GEGR): Why Is This Energy Stock Picking Up Momentum?

Byadmin

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