Shares of New America Energy Corp (OTCMKTS:NECA)bounced back on Tuesday after the recent sell-off.
Trading Data
On Tuesday, NECA stock increased 15.94% at $0.0012 with more than 335.53 million shares, compared to its average volume of 270.49 million shares. The stock has moved within a range of $0.0010 – 0.0014 after opening the trade at $0.0011.
Appoints David Fair as CEO
New America Energy Corp (OTCMKTS:NECA), which is about to change its name to “Third Bench”, one of the key players in the Kitchen & Bathroom cabinetry and countertops industry, has made a major announcement. The company has appointed David Fair as the Chief Executive Officer. In addition to that Jeff Canouse has stepped down from his role as Chief Executive Officer.
David Fair joins New America Energy, while serving as the present CEO of Third Bench Holdings, LLC, which is a subsidiary of New America Energy Corp. He has had an extensive career with a vast degree of expertise as an executive, corporate strategist, and executing M&A transactions.
David states that he is excited to assume a leadership role as the CEO of Third Bench and New America Energy Corp. He has always had a passion for strategy, leadership, and the construction industry, which has led to a diverse career portfolio over the last few years. As CEO, he looks forward to contributing to the growth of the company as a national leader in the cabinetry space. Jeff Canouse, former CEO, thanked the company for giving him the opportunity to act as CEO for many years. He believes appointing David Fair as the new CEO, will be a great move for both the company and its shareholders.
Key Quote
Third Bench, CEO David Fair states, “I am thrilled to be taking on a leadership role as the CEO of Third Bench and NECA. My passion for strategy, leadership, and the construction industry have taken me many places over the last several years and as CEO I look forward to growing NECA into a national leader in the cabinetry space.”
Technical Data
NECA stock is trading above the 20-Day and 50-Day Moving averages of $0.0012 and $0.0011 respectively. However, the stock is trading below the 200-Day moving average of $0.0021. The stock is down 37% in the past month.
