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Amfil Technologies Inc. (OTCMKTS:FUNN) Stock Sees Buying Action After Interim Shareholder Update

Amfil Technologies Inc. (OTCMKTS:FUNN) was up 4% after releasing a preliminary shareholder update on encouraging sales trends and extension of restaurant support in Canada.

Market Stats

On Thursday, FUNN stock gained 4.30% at $0.0158 with more than 73k shares, compared to its average volume of 1.07 million shares. The stock has moved within a range of $0.0151 – 0.0158 after opening the trade at $0.0151.

Key Shareholder Update

Ahead of the holiday season, the company has made considerable developments to improve markets impacted by COVID-19 restrictions. In addition, Toronto leadership has offered updates regarding “A plan to reopen Ontario and Mange COVID-19 for the Long-term. Highlights include the immediate relaxation of restrictions and a pathway to do away with all restrictions by March 2022.

In Chicago, the test positivity rate is below 2%, paving the path for enhanced demand and relaxing restrictions. The company is witnessing considerable interest in private dining spaces, with spending in capital improvements and marketing already underway. In addition, the entrance will have a do-over with visible signage to encourage walk-in business for more lifts from the location to other busy hubs within the city, including Milwaukee, the Western, Logan Blue Square Line stop, and Armitage bus line. So investors should watch FUNN.

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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