Archer Limited (OTCMKTS:ARHVF – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 88 shares, a decline of 84.8% from the September 30th total of 580 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
Archer Stock Performance
OTCMKTS:ARHVF opened at $1.90 on Wednesday. The firm has a 50-day moving average price of $2.41 and a two-hundred day moving average price of $2.59. Archer has a twelve month low of $1.90 and a twelve month high of $3.17.
Archer Company Profile
Archer Materials Limited, formerly known as Archer Exploration, is an Australian technology company focused on developing advanced materials and associated technologies. The company is headquartered in Adelaide, South Australia, and its shares trade on the Australian Securities Exchange under the symbol AXE and in the United States under the OTC symbol ARHVF.
Archer’s research and development activities include quantum technology, medical devices and advanced materials. Its key projects have included the development of a carbon-based qubit processor known as 12CQ, which is intended for potential use in quantum computing, as well as graphene-based biochip technology designed for electronic sensing and diagnostic applications.
The company’s technologies are at various stages of research, development and commercialisation.
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