American Rebel Holdings Inc. saw its stock value increase almost 80 percent Wednesday as shares of the Nashville-based light beer brewer and manufacturer of gun safes, self-defense products and apparel continue a volatile run.

Volume was extremely heavy, as about 42.06 million shares had traded as of publication time, according to Yahoo Finance. The daily average had been about 508,000.

As the conclusion of the Wednesday trading day on the Nasdaq stock exchange, the stock (ticker: AREB ) was valued at $2.15, up 72 percent (the equivalent increase of $0.90 per share).

The surge came after the latest in American Rebel Holdings’ efforts to maintain its Nasdaq listing.

On Oct. 20, and according to a Securities and Exchange Commission filing, the Nasdaq Hearings Panel said it will allow

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