Why Artificial Intelligence Technology Solutions (AITX) Stock Has Been Volatile Recently

The artificial intelligence industry has grown by leaps and bounds in recent times and investors could consider taking a look at the Artificial Intelligence Technology Solutions (OTC: AITX) stock. Yesterday, the stock was in action.

After having started the trading session with gains of 20%, the Artificial Intelligence Solutions stock traded flat for the rest of the day. The company made a key announcement on Tuesday and that might have been the reason behind the action in the stock.

The company announced that the company and its founder signed an Employment Guarantee with Steven Reinharz, who was recently appointed as the Chief Executive Officer of the company. As per the terms of the agreement, Reinharz is going not only going to get a base salary but also get compensation in the form of bonuses and incentives. The CEO was also awarded 10 million cashless stock options which can be exercised at the price of $0.15 for each share. However, that can only be exercised once the stock price hits $0.30 a share.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life