This past Friday the aerospace company Xerient Inc (OTCMKTS:XERI) had come into significant focus among investors and had ended the day with gains of as much as 8% as a consequence. In light of such gains, it may be a good idea to consider taking a look into the company this morning.
Market Action
On Friday, XERI stock ended up by 7.58% to $0.1349 with 301K shares, compared to its average volume of 395K shares. The stock moved within a range of $0.1259 – 0.1349 after opening trade at $0.1268.
Xeriant Provides Update on Recent & Upcoming Activities
That being said, it is perhaps also necessary to keep in mind that there was no news with regards to the company on Friday and that may confound investors a bit. The last time the company was in the news was back on December 16 last year and it may be a good idea to take a look into it.
At the time the Chief Executive Officer of the company Keith Duffy provided an update with regards to its achievements for the year 2021. In a letter addressed to the shareholders of the company, Duffy noted that that there were a number of initiatives that were being finalised by Xerient.
He went on to state that the team at the company was working diligently in order to build value for shareholders in the long term. It remains to be seen if any fresh news emerges about the company this week.
Traders Note
XERI stock is trading below the 20-Day and 50-Day Moving averages of $0.15 and $0.14 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 43.
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