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UAS Drone Corp (OTCMKTS:USDR) Stock Extends Rally: Gains 75% In a Week

Madison Hall , , , ,

In the past week the UAS Drone Corp (OTCMKTS:USDR) stock has been in the middle of a fairly strong upward move and it continued on Monday as the stock went up by another 5%.  The rally in the stock yesterday took the cumulative gains for the past week to as much as 75%. In light of this situation, it may be the right time for investors to perhaps take a look at the announcement from the company yesterday.

Market Stats

On Monday, USDR stock gained 6% to $0.35 with more than 21K shares, compared to its average volume of 7.2K shares. The stock moved within a range of $0.2700 – 0.3500 after opening trading at $0.2750.

UAS Drone Subsidiary, Duke Robotics’, Sniper Drone showcased at a leading International Airshow in the Asia Pacific Region

The drone solutions and robotics technology company announced on Monday that its Sniper Drone product had managed to garner a lot of interest at a major international air show that was being held at Singapore.

It was a major new announcement from the company and led to a further wave of positivity regarding the UAS Drone Corp. The Chief Executive Officer of the company YossefBalucka noted that the company’s advanced drone system had been designed in such a way so that it can meet the demand for technology powered solutions in the field of combat. It was particularly notable since at this point in time there is a lot of military conflicts going on in different parts of the world.

Key Quote

“Our advanced robotic drone system is designed to serve the growing need for tech-solutions in the combat field, especially during these times of growing military tension and conflicts,” said Yossef Balucka CEO for UAS Drone Corp. “Demands for remote operated drone weapon systems is surging and following our strategic 2021 collaboration agreement with Elbit Systems Land Ltd. we believe that we are well positioned to meet these growing needs.”

Traders Corner

USDR stock is trading above the 20-Day and 50-Day Moving averages of $0.1790 and $0.1911 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.2989.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.