On Wednesday, Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) was back on the radars of investors after the company made a key announcement in relation to its fully owned subsidiary company Robotic Assistance Devices Inc.
Trading Data
On Wednesday, AITX stock increased 3.51% to $0.0250 with 25.23 million shares, compared to its average volume of 37.53 million shares. The stock has moved within a range of $0.0246 – 0.0265 after opening trade at $0.0250.
Receives Order for ROAMEO Mobile Security Robot from Casino Operator
The stock jumped by as much as 4% after the announcement and it is quite likely that the stock is going to be in focus this morning as well. Yesterday, Artificial Intelligence Technology Solutions announced that Robotic Assistance Devices managed to bag an order for its Rugged Observation Assistance Mobile Electronic Officer or ROMEO 2.0 device from a casino operators based out of California.
A fresh order is almost always a significant development for the subsidiary and by extension for Artificial Intelligence Technology Solutions. Hence, the rally in the stock yesterday may not have come as a surprise for most. It was also confirmed that the client in question had a meeting with the representatives from Robotic Assistance Devices at the International Association of Amusement Parks and Attractions Expo that had taken place in the middle of November this year.
The Chief Executive Officer of the company, Steve Reinharz noted that the launch at the expo had proven to be a considerable success. It may not be a bad idea to keep an eye on the Artificial Intelligence Technology Solutions stock today.
Technical Data
AITX stock is trading in the oversold zone as RSI stands at 34. IGEN stock is trading below the 20-Day and 50-Day Moving averages of $0.0278 and $0.0316 respectively. The stock is up 1465% in the past year.
