Volatus Aerospace (TSE:FLT) Shares Up 7% – Time to Buy?

Volatus Aerospace Inc. (TSE:FLT) shares rose 7% on Monday . The company traded as high as C$0.62 and last traded at C$0.61. 1,488,493 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 2,050,822 shares. The stock had previously closed at C$0.57.

Volatus Aerospace Price Performance

The firm has a market cap of C$412.75 million, a price-to-earnings ratio of -15.25 and a beta of 2.88. The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71. The business has a 50 day simple moving average of C$0.76 and a 200-day simple moving average of C$0.71.

Volatus Aerospace (TSE:FLT) last issued its quarterly earnings data on Tuesday, March 31st. The aerospace company reported C($0.01) EPS for the quarter. The company had revenue of C$7.30 million for the quarter. Volatus Aerospace had a negative return on equity of 115.14% and a negative net margin of 27.14%. Equities research analysts expect that Volatus Aerospace Inc. will post -0.01 earnings per share for the current year.

Volatus Aerospace Company Profile

Volatus Aerospace Inc provides integrated aerial intelligence, drone logistics and aerospace solutions internationally.

The company offers drone inspection, surveillance, lidar, geomatics, mapping, pipeline monitoring, wildfire support, crewed aviation, drone delivery and training services, as well as remotely piloted aircraft systems and related software platforms. It serves customers in industries including oil and gas, energy and utilities, defense, construction and engineering, infrastructure, mining, agriculture, government, public safety and property development.

The company was formed through the merger of Drone Delivery Canada Corp.