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BlueFire Renewables (NASDAQ:BFRE) CEO Arnold Klann purchased 4,999,590 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of $11,899.00 per share, for a total transaction of $59,490,121,410.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BlueFire Renewables (NASDAQ:BFRE) traded up 30.43% during mid-day trading on Friday, hitting $0.003. The stock had a trading volume of 2,660,538 shares. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company’s market cap is $470K.

BlueFire Renewables, Inc, is a development-stage company. The Company is focusing on developing, owning and operating high-value carbohydrate-based transportation fuel plants, or biorefineries, to produce ethanol, a viable alternative to fossil fuels, and to provide professional services to biorefineries worldwide.

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