Jeffs’ Brands, Ltd. JFBR shares are moving higher Thursday. The stock appears to be moving on continued upward momentum after gaining 25% on Wednesday.

What’s Happening with Jeffs’ Brands?

Jeffs’ Brands recently signed a letter of intent with Sky Growth Partners Ltd. to invest in and develop defense solutions against drone-based visual systems, as well as wireless charging technology systems for the remote charging of drones, in mid-December. The company also announced an exclusive distribution agreement with Bolly Jon Ltd., a biotech-beauty hair care product brand, to distribute the line of hair products through Amazon Marketplace in December.

Jeffs’ Brands’ stock has a float of less than 565,000 shares, and over 7.35 million shares have already been traded in the session, according to data from Benzinga Pro.

Market Impact

With the recent boost, Jeffs’ Brands shares surged 28% and were trading at $4.06 at the time of publication, based on Benzinga Pro data.

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