Archer (OTCMKTS:ARHVF) Shares Up 20% – Here’s What Happened

Shares of Archer Limited (OTCMKTS:ARHVF) traded up 20% during mid-day trading on Friday . The stock traded as high as $2.70 and last traded at $2.70. 300 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 733 shares. The stock had previously closed at $2.25.

Archer Stock Performance

The business has a 50 day moving average of $2.10 and a 200 day moving average of $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.