The company released a statement that "it is not aware of the reasons for the recent volatility in its stock price".
The stock seems to have periodical large drops in price, but so far it was able to recover from these price variations.
Wow, what a week for NEWA. Up over 50% in the last week this stock made major moves when the bulls rushed in to seize up cheap shares of a good company after it's presentation last week at the 2017 Disruptive Growth Conference in NYC.
With respect to the 50 day moving average, the stock trades comfortably $8.50-$11 range, and I can see this company selling off...