Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) Stock Extends Rally: Up 15% In a Week

It seems that the Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) stock is back on the good books of investors if the price action in the stock in recent day is anything to go by. The stock continued to be on an upward curve yesterday and ended up with gains of 3% amidst fresh interest.

Trading Data

On Thursday, AITX stock moved up 2.80% to $0.0220 with more than 50.65 million shares, compared to its average volume of 43.10 million shares. The stock has moved within a range of $0.0210 – 0.0240 after opening trade at $0.0215.

Update on Robotic Assistance Devices Sales Expansion and Activities

It should be noted that the gains made by the Artificial Intelligence Technology Solutions stock yesterday took its gains for the past week to as much as 15%. Yesterday, the stock came into focus after its fully owned subsidiary company Robotic Assistance Devices sent out an update with regards to the expansion of its sales activities and sales force.

The subsidiary unit announced yesterday that in the New Year it has welcomed new members to its team, new dealers and also fresh sales of Robotic Assistance Devices products. The subsidiary also noted that it was pleased at the fact that it was able to attract fresh talent to its operations and new channel partners as well.

The announcement was a significant one and it led to further optimism among investors with regards to the Artificial Intelligence Technology Solutions stock. It might be a good move to keep an eye on it today.

Key Quote

“We welcome the new calendar year, new team members, new dealers, and of course new sales of RAD solutions. “We’re pleased that the company continues to attract new talent, new channel partners and new business from several of the largest and most admired companies in the world,” said Steve Reinharz, CEO of AITX and RAD. “2022 is certainly starting with a bang for RAD, and we’re excited to share progress throughout the year.”

Technical Data

AITX stock is trading below the 50-Day and 200-Day Moving averages of $0.0246 and $0.0464 respectively. However, the stock is above 20-Day moving average of $0.0204.