(Boone, NC) – Just how much do your favorite online sources of beer information influence the stock market?
Appalachian Mountain Brewery stock skyrocketed on Thursday on week-old news that it has joined a tiny stable of publicly-traded U.S. breweries.
BeerPulse noted in a Thursday morning report that the company had closed on its acquisition of North Carolina Natural Energy, Inc. and became public, trading at approximately $1/share. The stock is already at a 52-week high of $3/share in after-hours trading.
Appalachian Mountain formerly announced the news last Thursday, apparently to little fanfare. The news of AMB going public was even reported days later in The Asheville Citizen-Times.
Market cap is currently at $2 million according to Google Finance.
Unfortunately for us, we have (and more importantly, had) no position in AMB.