Yesterday, on the company’s press release related to the OPTIMI program, Aeromechanical Services Ltd. (CVE:AMA), (PINK:AMSLF) stock finally abandoned the bottom area and jumped 21.31% up.
At the same time, a simple calculation shows that from the date of the first announcement of AMA involvement in that project, the share price has dropped down by 31.48%.
Maybe, a lot of investors were proud of yesterday’s AMA stock performance. Though Aeromechanical Services Ltd. shares deserved their price to fly up, one question remained. It is, if AMA stock will be able to compensate the value lost since this February, and how much higher it can fly.
This February, AeroMechanical Services, Ltd. announced that it has been awarded a subcontract to become a member of the CEDAR (Critical Event Detection And Reporting) consortium to support the OPTIMI (Oceanic Position Tracking Improvement & Monitoring) program.
The company is involved in this program as the sole consortium member providing data linking services and being able to deliver data and analysis through AMA’s patented technology.
At that time, AMA was worth $0.54 per share and on the day of the announcement a trading volume of more than one million shares supported AMA’s upward move.[BANNER]
Months later, AMA came in sight of investors again. Despite of the hard landing of AMA stock a few weeks ago, these days the increased volume traded and the three consecutive trading sessions with the share price soaring strongly present investors’ willingness at least to bring back the status quo of AMA stock performance from the beginning of the year.
These days, the last good news for the company, that its technology has been recognized as “a valid option for consideration within the OPTIMI project as being universally available to civil and military operators within reasonable time frames”, can maybe push the share price further up.
Still, the question remains if investors will appreciate a much higher trading range for AMA stock, considering that now the shares trade at a half of their 52-week high.
