Aladdin Beverage’s stock is currently trading 25% higher than yesterday’s close and has traded over 5 million shares. Recently the stock exploded 223% and has since then retraced its gains and is now at a support line.
The company is focused on importing fine beer and ale to the North American markets. Aladdin Beverages primary goal is to be known as the top beer importer to North America by only importing quality and forward-thinking brands.
According the The California Beer Newsletter, imported beer far exceeds craft beer sales. A Washington-based trade organization estimates that imports reached 25.9 million barrels in 2006, which is a substantial increase compared to previous numbers.
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