Drone Delivery Canada Corp. (CVE:FLT - Get Free Report)'s share price was up 21.4% on Monday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 5,985,209 shares traded hands during trading, an increase of 1,325% from the average daily volume of 420,070 shares. The stock had previously closed at C$0.14.
Analyst Ratings Changes
Separately, Ventum Financial reduced 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.
Read Our Latest Research Report on FLT
Drone Delivery Canada Price Performance
The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. The stock has a market cap of C$80.24 million, a price-to-earnings ratio of -3.55 and a beta of 0.94. The stock has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.16.
Drone Delivery Canada Company Profile
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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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