Artificial Intelligence Technology Solutions (AITX) Stock Gains Momentum: How to Trade This Week?

The Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) stock is in focus among investors this morning and has jumped by 4% after the company announced that Garrett Parsons has resigned from his position in the company.

Parsons, who served the company as a consultant, handed in his resignation to the Board of Directors at Artificial Intelligence Technology Solutions. He cited personal reasons for the decision to resign. The company is going to reveal the additional terms of Parsons’ resignation when it files the 8-K.

While the gain made by the Artificial Intelligence Technology Solutions stock this morning has been notable, it is also necessary for investors to remember that the stock has been a strong performer over the past six months. During that period, it has clocked gains of a staggering 520%.

Not too long ago, the company had also made an announcement with regards to the fact that its fully owned subsidiary company Robotic Assistance Devices Inc signed up L&P Global Security as one of its authorised dealers. Over the past moths, Robotic Assistance Devices has struck plenty of deals which have proven to be highly beneficial for the Artificial Intelligence Technology Solutions stock. 

Market Reaction:

As of 10.50, AITX stock moved up 4% to $0.0625 with more than 8.90 million shares, compared to  its average volume of 52.20 million shares. The stock has moved within a range of $ 0.0600 – 0.0630 after opening the trade at $0.0620.

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