1812 Brewing Company Inc (OTCMKTS:KEGS) Stock On Radar After Recent News
Anyone who may be on the lookout for brewing stocks at this point in time may do well to take a closer look at the 1812 Brewing Company Inc (OTCMKTS:KEGS) stock. The company was in the news yesterday after it announced that it was going to be a part of the marketing partners of Watertown Wolves, an entity that it had acquired recently.
Trading Data
On Tuesday, KEGS stock ended flat at $0.0002 with more than 300K shares, compared to volume of 42.15 million shares. The stock moved within a range of $0.0002 – 0.0002 after opening trade at $0.0002.
1812 Brewing Company Joins Watertown Wolves Sponsorship Team
It should be noted that Watertown Wolves is a professional hockey team in the minor leagues and its home games are played at the Watertown Municipal Arena. As per the agreement between 1812 Brewing Company and the Watertown Wolves, its award winning War of 1812 Amber Ale is going to be served on tap at the venue.
However, that is not all. An ice logo is also going to be placed behind both the team’s benches, in addition to in game sponsorships during all the power plays.
1812 Brewing Company also announced yesterday that it was also going to have a limited release of the Wolves Den Cream Ale at some point later on this year. It was a significant new announcement from the company and it is going to be interesting to see if the stock make a move today or not.
Key Quote
1812 Brewing Company’s President & CEO, Thomas Scozzafava, stated, “We couldn’t be more excited to a part of the Watertown Wolves. We see a refreshing energy in the new ownership and management team, which is led by majority owner Tyler Weese.” Scozzafava continued, “the fact that new ownership is local was a big factor in our decision to partner with the team. I know they are committed to the area for the long-term – just like we are.”
Technical Data
KEGS stock is trading below the 20-Day and 50-Day Moving averages of $0.0002 and $0.0004 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0017.
