Arqit Quantum (NASDAQ:ARQQW) Shares Up 8.5% – Here’s What Happened

Arqit Quantum Inc. (NASDAQ:ARQQW)’s stock price traded up 8.5% during mid-day trading on Thursday . The stock traded as high as $0.2180 and last traded at $0.2170. 13,128 shares were traded during trading, a decline of 86% from the average session volume of 91,886 shares. The stock had previously closed at $0.20.

Arqit Quantum Stock Down 2.3%

The firm has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.52.

Arqit Quantum Company Profile

Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.

Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.