Brownie's Marine Group puzzled by stock decline

Publish date:
Social count:

Brownie's Marine Group announced that although it ordinarily does not comment on market activity or market rumors, it knows of no material corporate development to account for the unusual trading activity in its common shares.

“Our products and business plans continue to develop in a challenging market space. A review of our website, market potential and products should influence the confidence level of our supporters and create a more clear understanding of our strategies, values and resources,” CEO Robert Carmichael said in a statement.

The company’s stock has dropped from its 52-week high of $1.90 to a low of $0.0052.

Brownie's and its wholly owned subsidiary, Trebor Industries Inc., doing business as Brownie's Third Lung and based in Fort Lauderdale, designs, tests, manufactures and distributes recreational hookah diving, yacht-based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products.


MRAA welcomes new partner member

Marina and marine management software provider DockMaster has become the newest partner member of the Marine Retailers Association of the Americas.

Caterpillar to close two facilities

Caterpillar Inc. will close two facilities in Texas and Panama and is considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, according to Reuters.

Brunswick executive honored by Savoy magazine

Danielle Brown, vice president and chief information officer for Brunswick Corp., was recently honored among the "Most Influential Blacks in Corporate America" as chosen by Savoy Magazine, a leading African-American lifestyle publication.