Drone Delivery Canada Corp. (CVE:FLT – Get Free Report) rose 9.3% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 33,300 shares changed hands during trading, a decline of 88% from the average daily volume of 277,710 shares. The stock had previously closed at C$0.22.
Drone Delivery Canada Stock Performance
The company has a quick ratio of 9.02, a current ratio of 9.51 and a debt-to-equity ratio of 5.12. The firm’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$0.23. The firm has a market capitalization of C$51.57 million, a PE ratio of -5.75 and a beta of 0.87.
Drone Delivery Canada Company Profile
Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.
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