The upward move in the Priority Aviation Inc (OTCMKTS:PJET) stock yesterday is likely to bring it into focus among investors this morning and hence, investors could do well to take a look at the announcement that was made yesterday by the company. The stock attracted considerable attention yesterday and ended up with gains of as much as 25% amidst heavy interest.
Trading Data
On Tuesday, PJET stock surged 25% to $0.0035 with more than 10.52 million shares, compared to its average volume of 13.66 million shares. The stock has moved within a range of $0.0030 – 0.0035 after opening trade at $0.0033.
PJET and ALYI Announce Electric Motorcycles And Scooters For College Campuses
Yesterday, the company made a joint announcement with Alternet Systems Inc in which it was noted that the production plans with regards to electric motorcycles and scooters had been finalised. The vehicles in question are going to be produced by Alternet Systems and are meant for use in university campuses.
In this regard, it ought to be noted that the company also announced that the vehicles are currently on their way to the United States. The vehicles that are being shipped are going to be a big part of the university campus roadshow that is going to be hosted by Priority Aviation in Texas later on in this current quarter. It will be interesting to see if the stock can actually hold on to its momentum and adds to its gains today.
Technical Data
PJET stock is below the 20-Day and 50-Day Moving averages of $0.0040 and $0.0049 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0087. The stock is down 32% in the past month.
