On Tuesday, the 1812 Brewing Company Inc (OTCMKTS:KEGS) was in the news cycle after the company made a major new announcement with regards to an accolade won by its product War of 1812 Amber Ale.
Trading Data
On Tuesday, KEGS stock ended flat at $0.0002 with more than 44.16 million shares, compared to volume of 43.04 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trade at $0.0002.
1812 Brewing Company’s War of 1812 Amber Ale Brings Home Another Medal
The company announced that the product in question had been bestowed with a Silver medal at the Brewski Awards under the American-Style Amber/Red Ale category. The event in question is an international beer competition and is involved in recognizing those brands which are of ‘extraordinary quality and integrity’. Hence, it can be said that it was a major new development for the company and one that may bring its stock into focus among investors.
The Chief Executive Officer and Chairman of the company Tom Scozzafava spoke about the development as well. He noted that it was yet another validation from a third party about the quality of 1812 Brewing Company’s flagship brand 1812 Amber.
He went on to note that ever since the company had decided to take over control of the bottling element of the business, it had entered in as many as three such international events. In each of those events, the company had won accolades in the form of a bronze, silver or gold.
Key Quote
Chairman and CEO Tom Scozzafava stated, “once again we have third-party validation of the quality and potential of our flagship beer ‘1812 Amber.’ The fact that since taking complete control of the brewing and bottling of our products, we have entered the beer in three international events and in all three cases won either a gold, silver or bronze medal proves we made the right decision bringing all this in-house.”
Technical Data
KEGS stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0004 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0018.
