Xeriant Inc. (OTCMKTS:XERI) is moving in range after announcing the uplisting of its stock to the ITCQB Venture market. The OTC Markets Group approval comes one year after FINRA approved Xeriant for the symbol and name change. Interestingly the company’s symbol on OTCQB remains XERI.
CEO Keith Duffy said that they are pleased with the company’s progress the past year as a public company working to deliver critical support and next-gen aircraft infrastructure to become an AAM player. Recently Xeriant announced a JV with XTI Aircraft for the development of XTI Aircraft’s latest hybrid electric fixed-wing TriFan 600.
The company appointed Robert Carullo to its Advisory Board last month. Carullo has years of aircraft development programs, sourcing, and defense contracting experience. Duffy said that Carullo’s technical expertise, contacts, and background in the industry would be invaluable to the company as it executes its strategy in the Advanced Air Mobility Space.XERI is one stock investors should be keen on.
Market Reaction:
On Monday, XERI stock fell 9% at $2.37 with more than 1.39 million shares, compared to its average volume of 3.86 million shares. The stock has moved within a range of $2.3400 – 2.5250 after opening the trade at $2.47.
