It was not a great start to the week for investors in Datametrex AI Limited (OTCMKTS:DTMXF) as the company’s stock went under selling pressure and ended the day with a decline of as much as 10% for the day. That was a significant decline and today many investors may be hoping for a bit of a recovery.
Market Reaction
On Monday, DTMXF stock fell 10.51% to $0.1236 with 10K shares, compared to its average volume of 32K shares. The stock moved within a range of $0.1236 – 0.1364 after opening trade at $0.1364.
Key Details
As a matter of fact, the company was in fact in the news yesterday after it announced that it had appointed a new Chief Technology Officer in the form of Maxine Martineau. It was an internal promotion. In this context, it may be a good move from investors to perhaps learn a bit more about the new Datametrex CEO.
Martineau has been associated with the company for a long time and was only the second software developer that had been hired by Nexalogy, the fully owned subsidiary unit of Datametrex.
In addition to that, Datametrex described him as the person who was effectively responsible for the artificial intelligence technology that had been developed by Nexalogy. He had also been a social media analyst and a full stack software developer. It remains to be seen how the Datametrex stock performs today.
Key Quote
“With over a decade of experience with SaaS, artificial intelligence (AI) and machine learning (ML) solutions, Maxime has contributed significantly to the Company’s wholly owned subsidiary, Nexalogy’s success and I believe he will do the same for Datametrex,” said Marshall Gunter, CEO of the Company.
Traders Review
DTMXF stock is trading below the 20-Day and 50-Day Moving averages of $0.13 and $0.13 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.14.
