Priority Aviation Inc (OTCMKTS:PJET), made an announcement on April 14, 2022, about publishing a shareholder update on Wednesday, April 20, 2022. The update is scheduled to follow the imminent publication of the company’s 2021 annual report.
Market Reaction
On Thursday, PJET stock ended flat at $0.0038 with more than 6.6 million shares, compared to its average volume of 8.99 million shares. The stock moved within a range of $0.0035 – 0.0044 after opening trade at $0.0035.
The update will include information regarding Priority Aviation’s expanding partnership with Alternet Systems, Inc. The latter has recently announced about the expansion of its electric motorcycle pilot program with Priority Aviation for college campuses to include electric scooters and e-bikes. This is a well-timed foray into the market as the e-bike sector is expected to cross $52 billion by 2028!
The update is also set to serve as a progress report and update to the company’s 2022 strategic overview presentation published in January this year that will introduce the soon to be launched Student Housing By Owner (SHBO) Application. Priority Aviation plans to launch the app later in April. It is touted to be Airbnb for student housing.
Priority One Jets, Inc. operates as a full service aviation company that provides on demand air charter, jet charter membership cards, and aircraft sales for business aviation, leisure, and government travel. It offers jet sales and leasing services that include private jet leasing and sales, aircraft fractional ownership, and private jet acquisition pricing services; private jet services, including concierge services, private aircraft management and maintenance, private helicopter charter, flight monitoring and coordination, air cargo charter, and government travel services, as well as personal security, medical transport, and disasters evacuation services.
Traders Review
PJET stock is trading above the 20-Day and 50-Day Moving averages of $0.0033 and $0.0028 respectively. However, the stock is trading below the 200-Day moving average of $0.0074.
