New America Energy Corp (OTCMKTS:NECA) Stock Falls After Appointing New CFO

Shares of New America Energy Corp (OTCMKTS:NECA) ended lower in the previous trading on high volume.

Trading Data

On Tuesday, NECA stock slumped 12.50% at $0.0007 with more than 92.67 million shares, compared to its average volume of 256.36 million shares. The stock has moved within a range of $0.0007 – 0.0008 after opening trade at $0.0008.

Third Bench Strengthens Management with Hiring of a Chief Financial Officer

New America Energy Corp (OTCMKTS:NECA) is about to change its name to “Third Bench”. The company is a key player in the kitchen & bathroom cabinetry and countertops market. It has retained James B Turk as its new Chief Financial Officer (his term began on November 8, 2021).

James has a Bachelor of Science degree in Business Administration, Accounting from the Malcolm Forbes School of Business, Adams State College in Alamosa, CO. Till date he has spearheaded the financial department in several private and public companies such as SafeCar, Roses Southwest Papers, Roses Southwest Papers, Westland Development Co., and Solutions Group.

James has vast expertise in operating public companies, and executing M&A strategies. He is thrilled to get the opportunity to work with the talented teams at Third Bench and its subsidiaries. He is hopeful that with pandemic recovery slowly gaining traction, the company will grow in leaps and bounds.

David Fair, Third Bench CEO, is equally excited about how James will contribute to the expansion of the company’s finance oversight. James’ expertise and knowledge is a great addition to the Third Bench executive team. Their association with him as their long-term CPA has been quite fruitful, and together they can continue building a strong operating company.

Technical Data

NECA stock is trading below the 20-Day and 50-Day Moving averages of $0.0009 and $0.0010 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0018. The stock is down 42% in the past month.