Uni-Fuels Stock Drops Premarket as Shareholders Face a Big Vote Next Week
Uni-Fuels Holdings shares dropped 12% to $0.66 in U.S. premarket trading Wednesday ahead of a June 8 shareholder vote on major changes to its capital structure. The company posted a first-quarter net loss of $376,087 despite revenue rising 64% to $83.2 million. The stock has swung between $0.60 and $11.00 over the past year. Brent crude rose 2.1% to $98.02 a barrel amid renewed Middle East tensions.