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Wednesday, May 18, 2022

On What Basis Did MIND Technology (MIND) Stock Rise Nearly 11% In After-Hour Trades?

MIND Technology Inc. (MIND) shares have gained 10.83% at $1.33 in Friday’s after-hours session. MIND Technology (MIND) stock subtracted -1.64% to finish the last trading session at $1.20. The stock recorded a trading volume of 0.1 million shares, which is below the average daily trading volume published for the last 50 days of 0.14 million shares.

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The shares of MIND Technology (MIND) have retreated 3.45% in the last five days; however, they have gained 1.69% over the last month. The stock price has shed -26.38% over the last three months and has lost -48.72 percent so far this year. MIND stock surged in extended trades as the company is set to be partaking in an event commencing today.

Which occasion has MIND been participating on?

MIND Technology (MIND) gives innovation to the oceanographic, hydrographic, safeguard, seismic and security ventures. Settled in The Woodlands, Texas, MIND has a worldwide presence with key working areas in the United States, Singapore, Malaysia, and the United Kingdom. Brain’s Seamap and Klein units, plan, assemble, and sell particular, elite execution, marine sonar, and seismic hardware.

MIND Technology (MIND) will go to the HYPACK 2022 that will be held from March 28th to March 31st, 2022 at Booth # 1, Long Beach, CA. MIND will have staff addressing its Klein product offerings in participation to meet with guests and answer questions.

MIND Technology (MIND) declared the presentation of its Spectral AI programmed target acknowledgment ability at the Oceanology International Conference in London.

  • In light of the Company’s Spectral AI innovation, automatic target recognition (“ATR”) abilities will be accessible on side sweep sonar frameworks delivered by MIND’s Klein Marine Systems unit.
  • The Company accepts that this interesting ability makes an unmistakable separation from opposite side sweep sonar frameworks.
  • ATR abilities are turning out to be increasingly more significant for administrators of sensor frameworks because of expansions in functional rhythm and the requests of independent activity.
  • As the fashioner and producer of sensor frameworks, MIND is in a remarkable situation to give greater ATR arrangements when contrasted with outside suppliers.
  • The underlying utilization of this inside-created innovation is to furnish its Klein sonar frameworks with ATR capacity while MIND likewise imagines different applications later on.

More from MIND?

With profound misery, MIND Technology (MIND) as of late lost one of the individuals from its Board of Directors, Robert J. Albers, who died on February 26, 2022. Mr. Albers had over 30 years of involvement as a chief and leader in the seismic business. MIND board has been distinguishing a substitution for Mr. Albers.

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