Alternet Systems (OTCMKTS:ALYI) has emerged as a notable player in the electric vehicle space due to its work on the development of electric motorcycles.
Trading Data
On Friday, ALYI stock fell 5% at $0.0160 with more than 5.60 million shares, compared to its average volume of 30.54 million shares. The stock has moved within a range of $0.0150 – 0.0170 after opening trading at $0.0170.
Recent News
This past Friday the company was in the news after it announced that it was going to make a delivery of its electric motorcycles for the purposes of an electric motorcycle pilot that is going to be conducted by Priority Aviation. It goes without saying that it was a major announcement from Alternet but it did not lead to any boost for its stock. As a matter of fact, that Alternet stock declined by as much as 5% on Friday after the announcement.
Not too long ago, Priority Aviation has pivoted its business to focus on delivering such technologies which could lead to enhance the quality of students at university campuses. At this point in time, Priority Aviation is also involved in a project that is related to student housing. The electric motorcycles from Alternet Systems are going to be provided to Priority Aviation as part of its pilot project on college campuses. It might be a good idea for investors to keep an eye on any news that might emerge with regards to this pilot.
Technical Data
ALYI stock is trading below the 20-Day and 50-Day Moving averages of $0.0172 and $0.0169 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0419. The stock is down 21% in the past month.
