KULR is trading 8.1% higher at $4.79, extending a recent rally. While the gains continue momentum from positive news last week, a law firm today announced an investigation into the company.
- The stock's rally follows recent announcements of new wins for its drone and space battery systems.
- On May 27, Kaskela Law LLC announced it is investigating KULR for potential violations of securities laws or breaches of fiduciary duties on behalf of shareholders.
- The upward price movement suggests investors may be focused on the prior positive news, despite the announcement of the investigation.