Biofuels Corp leaps on banking news

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Biofuels Corp soared 46 pct on Friday after confirming that it has reached agreement to roll over its banking facilities, dealers said.

At a guess, I would say this has to be one of the top 5 most volatile stocks in the AEI universe. It is down however a staggering 90% plus a year ago, so an awful lot of people must have lost wardrobes of shirts on this stock. And takeover talk by Biopetrol Industries AG, seems to have subsided.With it's paltry capitalisation of around $10 million, it finds itself below the radar of most fund managers with liquidity concerns. If and only if it was able to recover a little bit, the turnaround might well be quite stunning.

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