Shares of New Age Brands Inc (OTCMKTS:NWGFF – Get Free Report) dropped 8.8% during mid-day trading on Wednesday . The company traded as low as $0.73 and last traded at $0.73. 10,000 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 15,455 shares. The stock had previously closed at $0.80.
New Age Brands Stock Performance
The stock has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $0.98.
New Age Brands Company Profile
New Age Brands Inc (OTCMKTS: NWGFF) is a Canadian cannabis company engaged in the research, development, manufacturing and distribution of cannabis and hemp-based health and wellness products. The company is licensed by Health Canada to cultivate, process and sell dried cannabis flower, extracts, oils and vaporizer cartridges. New Age’s integrated operations include cultivation, extraction and product formulation, with a focus on delivering consistent, high-quality offerings for both recreational and medical markets.
Its product portfolio spans proprietary oil formulations, vaporizer cartridges, concentrates such as shatter and wax, and infused edibles.
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