Archer Limited (OTCMKTS:ARHVF – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 88 shares, a drop 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 Price Performance
Shares of OTCMKTS:ARHVF opened at $1.90 on Thursday. The firm has a fifty day moving average of $2.40 and a two-hundred day moving average of $2.58. Archer has a 12-month low of $1.90 and a 12-month high of $3.17.
About Archer
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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