Archer Limited (OTCMKTS:ARHVF – Get Free Report)’s share price shot up 13.3% on Thursday . The stock traded as high as $2.35 and last traded at $2.35. 1,632 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 1,470 shares. The stock had previously closed at $2.0750.
Archer Trading Up 13.3%
The stock’s 50-day simple moving average is $2.06 and its 200-day simple moving average is $2.24.
Archer Company Profile
Archer is a technology company focused on the design and development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company aims to launch air taxi services that reduce travel time and emissions in densely populated areas. Archer’s core offering centers on fully electric, piloted aircraft designed to carry passengers on short-haul routes, leveraging advanced battery systems, electric propulsion, and composite structures.
Among Archer’s key projects are “Maker,” a two-seat piloted prototype used for flight testing and certification work, and “Midnight,” a four-passenger production model slated for commercial service.
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