New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report)’s share price rose 6.4% during mid-day trading on Wednesday . The company traded as high as $0.42 and last traded at $0.4150. 4,575 shares changed hands during trading, a decline of 93% from the average daily volume of 68,889 shares. The stock had previously closed at $0.3901.
New Horizon Aircraft Stock Up 6.4%
The firm’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.39.
New Horizon Aircraft Company Profile
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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