Artificial Intelligence Technology Solutions (OTC:AITX) stock has made a very smart recovery after a long time. The stock is up 19%, extending week to date rally to almost 50% on increased volume.
Earlier this week, the company announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) is anticipating a multi-unit Proof of Concept order from a direct client.
Although not disclosed, the end-user for these SCOT and ROSA units is a major US airport authority that owns and operates several airports.
The direct client is expected to deploy several RAD SCOT units in select customer-facing locations, plus multiple ROSA units along the perimeter of airport operations.
Despite the stock is down 70% from its 52-week high of $0.29, it is still up 200% year to date.
Going forward, the AITX stock may find a hurdle near $0.13 as we have seen several topping our near this level. Those who like to trade penny stocks may keep an eye on AITX stock in the coming weeks.