Defense Technologies International (DTII) stock Gains Momentum: But Why?
On Thursday, the Defense Technologies International Corp (OTCMKTS:DTII) stock was in considerable focus among investors after the company made a major announcement. The company announced yesterday that along with its subsidiary company Passive Security Scan Inc it completed an installation and ceremony of the Passive Portal successfully at the Coastal Carolina University in Conway, South Carolina.
Both Defense Technologies International and its subsidiary are involved in the security technologies and systems space. At this event, the company managed to successfully conduct a public installation of its Zero Radiation Passive Portal Walk-Through Weapons Detector and also its Elevated Body Temperature (EBT) Station.
The event actually took place on July 21, 2021 and has proven to be a massive success for Defense Technologies International Corp. The announcement from the company yesterday also came as a major boost to the Defense Technologies International Corp stock as investors piled on to it in a big way.
The stock rallied strongly and went up by as much as 9%. The company also donated the Passive Portal to the university and was lauded for the move. Investors are likely going to keep an eye on the stock today and see if the Defense Technologies International Corp stock can manage to end the week strongly.
Market Reaction:
On Thursday, DTII stock gained 9.20% at $0.0190 with more than 2.92 million shares, compared to its average volume of 2.68 million shares. The stock has moved within a range of $ 0.0172 – 0.0200 after opening the trade at $0.0174. Over the past 52-week, the stock has been trading within a range of $0.0090 – 0.0780.
