New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report)’s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $0.4011 and last traded at $0.4485. Approximately 38,454 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 73,269 shares. The stock had previously closed at $0.45.
New Horizon Aircraft Stock Down 0.3%
The business’s 50 day moving average is $0.41 and its 200-day moving average is $0.40.
About New Horizon Aircraft
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
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