Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) Stock Extends Rally: Here is Why
The artificial intelligence sector is growing at a fairly fast clip and is expected to grow significantly in the coming years. Investors who are interested in the sector now have a number of options and one of those is Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX).
Trading Data
On Wednesday, AITX stock gained 2.31% to $0.0066 with more than 15.88 million shares, compared to volume of 30.08 million shares. The stock moved within a range of $0.0065 – 0.0070 after opening trade at $0.0065.
The company, along with its fully owned subsidiary unit Robotic Assistance Devices Inc, is involved in the manufacturing of security robots and other similar products. The company provides patrolling and guarding services through its products, which allows companies to divert personnel to more productive jobs. In recent times, the stock has gained significant momentum over the course of the past few days owing to a fresh new development and it could be a good idea for investors to take a closer look at the announcement.
On April 18 the company, along with Robotic Assistance Devices, announced that it received a new order for as many as 11 ROSA security robots and 2 AVA access control devices. The order had been brokered by one of the biggest nationally authorized dealers of Robotic Assistance Devices. The client in question is actually a company that is in the Fortune 250 and involved in the supplying of technology-powered solutions which help in strengthening the worldwide energy industry.
The entirety of the 13 ordered devices would be deployed at one of the large warehouses owned by the client. Artificial Intelligence Technology Solutions announced that it expected the orders to be delivered by the end of this month.
