Drone Delivery Canada (CVE:FLT) Trading Down 7.1% - Here's Why

Drone Delivery Canada Corp. (CVE:FLT - Get Free Report) shares fell 7.1% during trading 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 Price Performance

The company has a quick ratio of 9.02, a current ratio of 0.46 and a debt-to-equity ratio of 67.19. The stock has a market capitalization of C$270.54 million, a PE ratio of -11.97 and a beta of 0.94. The company has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.22.

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.