India, March 31 -- Newton Golf Company (NWTG) is trading at $2.04, up 36.00 percent or $0.54 during Monday's trading, following the release of its fourth quarter financial results. The company reported net sales of $1.07 million, a significant increase from $117,000 in the prior period.
The stock opened at $1.73 and has traded between $1.72 and $2.43 so far, compared to a previous close of $1.50 on the Nasdaq. Volume has surged to 43.14 million shares, far exceeding the average of 1.16 million. Its 52-week range stands at $1.35 to $195.00.
However, its net loss widened to $7.3 million from $1.8 million.
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