NewAge continues Strong Move

August 30, 2022

(24/7 MARKET NEWS) – NewAge Inc (NASDAQ:NBEV) has added to this morning’s premarket gains and is currently at $0.3461, up $0.1376 (+66.00%), on over 144 million shares.

We covered it this morning when it was at $0.252 in the premarket and hoped that it wasn’t dead cat bouncing, but,unlike its attempted breakout on Friday, when it ran to 33 cents and retreated to the 20-cent level, today’s volume is following through to the point that it could be a nooner play. After opening at $0.285, it basically hasn’t looked back today and hit a high of $0.3947; if it can break through today’s high on strong volume the odds of it making another wave higher increases.

NewAge announced, two weeks ago, that it received an additional delinquency notice from the Nasdaq Stock Market, notifying NewAge that it’s not in compliance with Nasdaq Listing Rule 5250(c)(1), due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.

It’s still near the lower end of its 52-week range of $0.196 to $1.80.

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