American Rebel Holdings Inc. stock soared Friday on heavy volume — increasing in value more than 30 percent at one point — after the company announced it has fully resolved its default with Bank of America.

At publication time, the stock (ticker: AREB ) of the Nashville-based light beer brewer and manufacturer of gun safes, personal security and self-defense products and apparel was valued at $1.32, up 28.2 percent (the equivalent increase of $0.29 per share).

Volume was extremely robust, as 7.6 million shares have changed hands, according to Yahoo Finance. The daily average has been about 1.22 million shares.

According to a company release, the settlement with Bank of America removes foreclosure threats against American Rebel’s Champion Safe Co. and other subsidiaries.

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