AIMIA INC COM NPV (OTCMKTS:GAPFF)

Is AIMIA INC COM NPV (OTCMKTS:GAPFF) Oversold?

AIMIA INC COM NPV (OTCMKTS:GAPFF)

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares closed the day down over 7% at $1.15. Volumes were heavy. GAPFF shares have a 30-day, daily average trading volume listed at 106,023 but today over 450,000 shares traded hands. Amia Inc., headquartered in Montreal, Canada, is a data-driven marketing and loyalty analytics company. They provide customer insights to their clients to help the business make better, and more informed, business decisions. Additionally, the analytics can help companies build loyalty programs and personal relationships that result in mutually beneficial value exchanges.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares cratered in May after Air Canada announced that it would sever ties with the company in 2020. AIMIA INC COM NPV (OTCMKTS:GAPFF) ran an air miles loyalty program named Aeroplan. Air Canada participated in that rewards plan. Aima faces the risk that other Aeroplan members may decide to terminate their membership because Air Canada, while only contributing 10% to Aima’s revenues, is responsible for more than 75% of Aeroplan miles are redeemed with the carrier.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares have never recovered. At the time of the announcement, GAPFF shares were trading around $6.50. Since then, GAPFF shares have traded as low as $1.078. According to many experts, the Relative Strength Index (RSI) is a valued indicator of an “oversold” or “overbought” condition in stocks or markets. Currently, GAPFF shares have an RSI value under 20 which indicates an oversold condition.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Marc Anderson is a pseudonym. Marc has a BSc. degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.