Drone Delivery Canada (CVE:FLT) Trading 6.5% Higher - Here's Why

Key Points

• Drone Delivery Canada Corp. shares rose by 6.5% on Wednesday, trading at C$0.49 after hitting a high of C$0.51.
• The company's market capitalization stands at C$224.68 million, with a current PE ratio of -9.94 and a notable debt-to-equity ratio of 67.19.
• Drone Delivery Canada is involved in developing a commercial drone-based logistics platform that integrates industrial-grade drones and proprietary software for efficient logistics solutions.

Drone Delivery Canada Corp. (CVE:FLT - ) shares were up 6.5% on Wednesday . The stock traded as high as C$0.51 and last traded at C$0.49. Approximately 6,479,564 shares changed hands during trading, an increase of 271% from the average daily volume of 1,744,927 shares. The stock had previously closed at C$0.46.

Drone Delivery Canada Trading Up 6.5%

The firm has a market capitalization of C$224.68 million, a PE ratio of -9.94 and a beta of 0.94. The stock's fifty day simple moving average is C$0.44 and its 200 day simple moving average is C$0.26. The company has a quick ratio of 9.02, a current ratio of 0.46 and a debt-to-equity ratio of 67.19.

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.

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