ZenaTech's stock is experiencing a notable rise today, driven by the recent announcement of its subsidiary, ZenaDrone, moving into a new manufacturing facility in Phoenix, Arizona. This strategic move is aimed at producing NDAA-compliant military drones for the US Defense and NATO, leveraging advanced technologies like Quantum Computing and AI. The facility will focus on developing drone swarms for military applications, which are expected to enhance surveillance and reconnaissance operations. This development aligns with ZenaTech's broader strategy to expand its presence in the defense sector, a market projected to grow significantly in the coming years.
Additionally, ZenaTech's ambitious Sky Traffic project, which integrates quantum computing with drone technology for traffic and weather optimization, has also captured investor interest. The project aims to revolutionize traffic management and weather forecasting, further solidifying the company's position in the AI and drone technology space. These initiatives underscore ZenaTech's commitment to innovation and its potential to capture a larger share of the growing military and commercial drone markets.
ZenaTech, Inc. (ZENA) is currently trading at $8.48, up 9.70% from the previous close of $7.73. The stock opened at $7.14 and has reached a high of $8.48, with a low of $6.54 so far today. Despite being early in the trading day, the volume is relatively low at 1,157,433 shares, representing only 17.07% of its average daily volume of 6,779,280 shares.