While it is true that the Priority Aviation (OTCMKTS:PJET) stock was trading within a range on Monday, it ought to be noted that the company was in the news yesterday and it may be a good move from investors to consider taking a look at it.
Trading Data
On Monday, PJET stock ended flat at $0.0021 with 11.11 million shares, compared to its average volume of 8.52 million shares. The stock moved within a range of $0.0020 – 0.0022 after opening trade at $0.0020.
PJET and ALYI Develop Revolt Token Backed E-Bike Solution For $52 Billion Market
The company announced yesterday that it had finally formalised a plan in collaboration with Alternet Systems with regards to the execution of its plans for the E-bike initiative. It was last month that the two companies had made the announcement with regards to the initiative. In addition to that, it was also noted that the programme is also going to leverage the Revolt Token, which had been created by Alternet Systems.
While the investors did not react to the news much, it is necessary for investors to keep in mind that the electric bike programme could in fact prove to be a game changer for Priority Aviation. According to estimates, the electric bike industry is going to be worth a mammoth $52 billion by the time 2028 comes along and hence, there could be an immense opportunity here for Priority Aviation. It may be a good idea to keep the stock in your watch lists today.
Technical Data
PJET stock is trading below the 20-Day and 50-Day Moving averages of $0.0028 and $0.0027 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0073.
