ENER1 INC (PINK:HEVV) is moving up progressively these days. On Wednesday, the stock added the next 3.09% to its price and 
its traded volume jumped up.
The reason for the climb is crystal clear – the latest news by Ener1. Just on Tuesday, the company reported that it has obtained $4.5 million of short-term debt financing.
The financing came from from Bzinfin S.A. and it should enable Ener1, and its subsidiaries, to continue their operations as normal.
Apparently, the positive news has encouraged investors and HEVV started to move up immediately.
Though, considering the often price hesitations, it is hard to predict how long the up move will resist this time.
Ener1, Inc., is a holding company, providing resources and capital to develop and commercialize new technologies and products for clean, efficient energy sources. This month, the company filed a notification of late filing for its 10-Q report and, obviously, that’s not the first time when Ener1 is late with its results.[BANNER]
Historical data shows that the company has sent another notification of late filing in August, meaning that no one is familiar with its financial condition for a long time now. In other words, it is still not certain what Ener1 will use the recent financing for.
