1812 Brewing Company Inc (OTCMKTS:KEGS) Stock In Focus: Company Introduces Thousand Islands IPA

If you are currently looking into brewery stocks then it may be a good move to consider taking a look at the 1812 Brewing Company Inc (OTCMKTS:KEGS) stock this morning after the company made a major announcement yesterday.

Trading Data

On Thursday, KEGS stock ended flat at $0.0002 with more than 24.76 million shares, compared to its average volume of 44.58 million shares. The stock moved within a range of $0.0002 – 0.0002 after opening trade at $0.0002.

1812 Brewing Company Introduces Thousand Islands IPA

The company announced on Thursday that it had finally decided on the recipe for ‘Thousand Islands IPA’, which is one of its latest releases. It was also announced by 1812 Brewing Company that it was looking to release the product in both 12 ounce as well as 16 ounce bottles. Tom Scozzafava, the Chief Executive Officer and Chairman of 1812 Brewing Company spoke about the new development as well.

He noted that everyone at the company was excited at the fact that the Thousand Islands Pale Ale was being modified so as to fit into the IPA variant. He went on to note that the modification is going to would make it appealing to a much bigger customer base.

He added that the product had been hopped quite aggressively with a much higher ABV, however, that did not work out to be a major modification. It now remains to be seen if the 1812 Brewing Company stock comes into focus in the coming days or not.

Key Quote

“We are excited to modify our legacy product Thousand Islands Pale Ale so it fits into the IPA space, where we feel it will appeal to a much broader audience,” stated Chairman and CEO Tom Scozzafava. “The Pale Ale was aggressively hopped with a higher ABV, so this wasn’t a big modification.”

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 $0.0019.