Drone Delivery Canada (CVE:FLT) Trading Up 1.8% - Here's What Happened

Shares of Drone Delivery Canada Corp. (CVE:FLT - Get Free Report) were up 1.8% during trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 1,673,884 shares changed hands during trading, an increase of 153% from the average daily volume of 660,525 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

Separately, Ventum Financial cut their price objective on shares of Drone Delivery Canada from C$38.00 to C$32.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th.

Drone Delivery Canada Stock Up 4.5%

The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02. The stock has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.17. The stock has a market capitalization of C$138.94 million, a P/E ratio of -6.15 and a beta of 0.94.

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.