Artificial active

Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) Stock Extends Rally: Up 15% in One Week

It looks like Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) stock is back in investors’ good books if the stock price action over the past few days is to be believed. The stock continued to be on an upward curve yesterday and ended up with 3% gains amid fresh interest.

Commercial data

On Thursday, AITX stock rose 2.80% to $0.0220 with over 50.65 million shares, compared to its average volume of 43.10 million shares. The stock moved in a range from $0.0210 to $0.0240 after the trade opened at $0.0215.

Update on Robotic Assistive Devices Sales Expansion and Activities

It’s worth noting that the gains made by Artificial Intelligence Technology Solutions stock yesterday took its gains from last week to 15%. Yesterday the stock came into focus after its wholly owned subsidiary Robotic Assistance Devices sent an update regarding the expansion of its sales operations and sales force.

The subsidiary announced yesterday that in the new year it welcomed new members to its team, new resellers and also new sales of Robotic Assistance Devices products. The subsidiary also noted that it was pleased to have been able to attract new talent to its operations as well as new distribution partners.

The announcement was significant and led to renewed optimism among investors regarding the Artificial Intelligence Technology Solutions stock. It might be good to keep an eye on it today.

key quote

“We welcome the new calendar year, new team members, new resellers and, of course, new sales of RAD solutions. “We are thrilled that the company continues to attract new talent, new channel partners and new business from many of the world’s largest and most admired companies,” said Steve Reinharz, CEO of AITX and RAD. “2022 is certainly off to a great start for RAD, and we’re excited to share progress throughout the year.”

technical data

AITX stock is trading below the 50-day and 200-day moving averages of $0.0246 and $0.0464 respectively. However, the stock is above the 20-day moving average of $0.0204.