Quantum Rallies After Hiring Consultant for Deals in China (QUAN)

The stock of Quantum International (OTC: QUAN) staged a respectable rally today, following the announcement of the company’s move of hiring a consultant to help facilitate deals in China. Opening at just $0.865 per share, Quantum rose quickly and steadily before noon, hitting an intraday high of $1.20. Quantum eventually closed today’s trading session at a share price of $1.14, or 23.9% higher than its previous close. Volume of the stock traded below average on the other hand at 61,089 shares.

Today, August 15, 2012, robotics company Quantum announced that it has recently hired a consultant to assist the company by facilitating new agreements with robotics innovators in China. The global industrial robot-system market is expected to double to $41 billion by the year of 2020. The new consultant resides in Beijing, and is expected to be taking on the task of identifying promising robotics developers and concepts that meet Quantum’s criteria.

Quantum has not produced an attractive stock chart since May of this year. The stock rose significantly in late April, posting an annual high of $3.90 per share on April 30, 2012. The stock started dropping since that point, and has been steadily declining for over three months despite a mini-breakout earlier this month.

On Twitter, @pennystock24 mentioned that Best Microcap Stock promoted Quantum today. Stockpromoters.com lists only one promotion for Quantum. The promotion was from QualityStocks.net, which was compensated $30,000 by a third party on May 21, 2012.

Quantum International is a robotics innovation company. Quantum works to commercialize the next generation of sophisticated, automated technology. Quantum is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.

Quantum has made many headlines in recent months. A few notable ones include:

  • August 13, 2012: Quantum announced that it is exploring emerging technologies leveraging similar capabilities from Apple’s greatest rivals. These devices run Google Android OS, with the stunning interface, processing and connectivity capabilities of the Apple iPad, pushing robotics in incredible new directions.
  • August 10, 2012: Quantum announced that it is working to translate concepts from the science of biology into the science of robotics in order to build a new generation of affordable, practical robots for everyday use.
  • August 9, 2012: With countless exciting innovations presented at AUVSI’s Unmanned Systems North America 2012 conference in Las Vegas, Quantum executive leadership plans to open negotiations for potential partnerships with some of the world’s most cutting-edge robotics developers.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.