Priority Aviation Inc (OTCMKTS:PJET) Stock Continues to Trade in a Range
Stocks which trade within a range can also breakout eventually and hence it may be a sound move from investors to take a look at the Priority Aviation Inc (OTCMKTS:PJET) stock this morning. More importantly, despite there not being much of a move in the stock yesterday, the company did make a key announcement and that is something that investors could look into.
Market Stats
On Thursday, PJET stock ended flat at $0.0054 with more than 19.23 million shares, compared to its average volume of 30.98 million shares. The stock has moved within a range of $0.0041 – 0.0058 after opening trading at $0.0052.
PJET Confirms SHBO App Release Schedule and ALYI EV Order
On Thursday, Priority Aviation announced that it had made plans for releasing that Student by Owner app later on in December. However, that was not all. In addition to that potential launch of its student housing app, the company also confirmed that it had placed an order with Alternet Systems for the electric vehicle pilot that it is going to conduct on university campuses.
Not too long ago, Priority Aviation had come into focus among many investors after it announced that it was going to go on a new direction as a business. The company noted at the time that it was going to move into the technology solutions space with the sole purpose of producing solutions which could improve the lives of students in campuses. As the day approaches for the launch of the app, it may be a good time to keep an eye on the Priority Aviation stock.
Traders Corner
PJET stock is trading below the 20-Day and 50-Day Moving averages of $0.0079 and $0.0136 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0080. The stock is down 40% in the past month.
