Archer Limited (OTCMKTS:ARHVF – Get Free Report)’s stock price was up 20% during trading on Friday . The stock traded as high as $2.70 and last traded at $2.70. Approximately 300 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 733 shares. The stock had previously closed at $2.25.
Archer Stock Performance
The firm’s 50 day simple moving average is $2.10 and its 200-day simple moving average is $2.24.
About Archer
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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