BANT Stock Price Increases Over 240%: Why It Happened

By Amit Chowdhry ● January 19, 2021
  • The stock price of Bantec Inc (OTCMKTS: BANT) is trading at more than 240% today. This is why it happened.

The stock price of Bantec Inc (OTCMKTS: BANT) is trading at more than 240% today. Even though there is no direct news today, it appears that investors are still excited about news from late last week about Bantec’s Drone USA receiving purchase orders for supplying Atlantic City’s Fire and Emergency Management Department with drones. And investors are speculating that there are likely more government contracts to come in the near future.

“We are excited to supply Atlantic City’s Fire and Emergency Management Departments with the right drone equipment. Drones provide a great and effective tool that ultimately help first responders perform their jobs more efficiently. One drone, equipped with payload and night vision capabilities, will be used to drop automatic flotation devices to swimmers in distress. To quote Elon Musk “The fighter jet era has passed.” There is great wisdom in this statement. Drones and robots in many ways will change the way we accomplish our daily tasks,” said Michael Bannon, Bantec’s Chairman and CEO.

Drone USA is known for offering full-service drone consulting. This includes helping customers purchase the right UAVs and accessories for getting trained, practiced, and licensed. And Bantec — through its subsidiaries and divisions — sells to facility managers, engineers, maintenance managers, purchasing managers, and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.