Archer (OTCMKTS:ARHVF) Trading 20% Higher – What’s Next?

Archer Limited (OTCMKTS:ARHVFGet Free Report)’s stock price shot up 20% on Friday . The stock traded as high as $2.70 and last traded at $2.70. 300 shares were traded during trading, a decline of 59% from the average session volume of 733 shares. The stock had previously closed at $2.25.

Archer Stock Up 20.0%

The business’s fifty day moving average is $2.10 and its 200 day moving average is $2.24.

About Archer

(Get Free Report)

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.

Read More

Receive News & Ratings for Archer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer and related companies with MarketBeat.com's FREE daily email newsletter.