High trading volume again with Brainchip (ASX:BRN)

09/05/2022 11:04:00

Brainchip Holdings (ASX:BRN) is rallying again with a 8 per cent pop at $1.14 after a please explain query from the ASX was issued on Friday.

Trading volumes are high at 13.4 million, leading the mid caps, followed by Sayona Mining (ASX:SYA) at 13 million with Pilbara Minerals (ASX:PLS) at 8 million. The artificial intelligence stock is bucking the trend with the overall ASX 200 which is down 0.7 per cent amid a fall in the US futures.

No major announcements have been posted recently. However on their website, a new partnership was announced with UK-based semiconductor company Arm, the leading technology provider of processor IP, to provide the most advanced solutions to make sensor products faster, smarter, and safer.

Shares in Brainchip Holdings (ASX:BRN) is up over 46 per cent this year.