Shares of BrainChip Holdings Ltd (OTCMKTS:BRCHF) experienced a 4.2% decline during mid-day trading on Thursday. The stock traded as low as 0.11 and last traded at 0.12. A total of 30,700 shares changed hands during the trading session, marking an 82% decrease from the average volume of 175,330 shares. The stock had previously closed at 0.12.
BrainChip Holdings Ltd is a company that specializes in developing software and hardware accelerated solutions for artificial intelligence and machine learning applications. Their focus lies in the development of the Akida Neuromorphic Processor, which offers ultra-low power and fast AI Edge Network capabilities for various applications such as vision, audio, olfactory, and smart transducers.
The company’s 50-day moving average stands at 0.13, while its 200-day moving average is 0.17.