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Drone Delivery Canada (CVE:FLT) Trading Down 7.1% - Time to Sell?

Drone Delivery Canada logo with Computer and Technology background

Drone Delivery Canada Corp. (CVE:FLT - Get Free Report)'s stock price traded down 7.1% on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.65. 2,998,653 shares were traded during trading, an increase of 89% from the average session volume of 1,589,139 shares. The stock had previously closed at C$0.70.

Drone Delivery Canada Trading Down 1.7%

The company has a debt-to-equity ratio of 67.19, a quick ratio of 9.02 and a current ratio of 0.46. The firm has a 50 day simple moving average of C$0.34 and a two-hundred day simple moving average of C$0.23. The firm has a market capitalization of C$265.95 million, a P/E ratio of -11.76 and a beta of 0.94.

About Drone Delivery Canada

(Get Free Report)

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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