Something Bubbling Up In Jones Soda? (JSDA)

Jones Soda (NASDAQ: JSDA) has been starting to fizz over the past 2 trading sessions.

Jones, after hitting $28.22/share and being a favorite of Jim Cramer in April of 2007, has cratered to around $0.70/share. In large part this decline was due to Wal-Mart and other retailers discontinuing sales of Jones Sodas products, declining revenue, mounting net losses, and a tainting of the quirky brand.

However something might be in the offing in the short term, as over the past 2 days Jones is up 36% to just under $1/share. Volume today was about 10x the daily average, with some notable large buys as well.

I would keep an eye out to see if the company announces something positive in the next few days.