HomeFinancial MarketsPenny StocksWhat Movement Did Affinity Beverage (ABVG) Stock Made?

What Movement Did Affinity Beverage (ABVG) Stock Made?

As of Friday’s close, Affinity Beverage Group Inc. (ABVG) was down -6.25 percent at $0.0015 and is trading in a day range between $0.0011 and $0.0017.

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With an average volume of over 730.49M shares in the last month, ABVG shares surged over 1400.00%. Based on ABVG’s performance over the last three months, its stock traded at an average volume of over 444.70 million shares, gaining 1400% over the period. The stock has experienced a strong last 12 months with a 130.00% gain in stock price, soaring high of $0.0021 with a $180.17M market cap. Stock’s gain over the past week remained 66.67%.

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How does the company operate?

  • Formerly known as Strategic Rare Earth Metals, Inc., ABVG focuses on distribution opportunities in the health and wellness sector for branded consumer goods.
  • Healthy beverage brands, companies, and products distribution licensing are ABVG’s particular focus, as well as lifestyle products whether traditional or non-traditional such as juice, water, and syrup.
  • Affinity Beverage’s brands include Pura Organic Agave and Village Tea Company.
  • Village Tea is owned by ABVG’s subsidiary Village Tea Company Distribution, Inc.
  • Village Tea is a brand that manufactures loose leaf tea, as well as accessories, with its own brand.
  • In North America, the Village Tea brand is distributed at major supermarkets, including Whole Foods Stores, HomeSense, Vitamin Shoppe, Akins/Chamberlin Natural Foods Markets, Winners, and other small niche and grocery shops.
  • With its strategic partnerships, distribution agreements, and potential acquisitions, Sarasota, a Florida-based company seek opportunities with young brands that specialize in organic foods, supplements, personal care products, natural foods, and bio-foods.

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