Volatus Aerospace (CVE:VOL) Trading 13.6% Higher

Shares of Volatus Aerospace Corp. (CVE:VOL) traded up 13.6% on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. 63,500 shares were traded during trading, a decline of 24% from the average session volume of 83,280 shares. The stock had previously closed at C$0.22.

Volatus Aerospace Stock Performance

The company’s fifty day moving average price is C$0.22 and its two-hundred day moving average price is C$0.17. The firm has a market capitalization of C$31.42 million, a PE ratio of -3.13 and a beta of 0.93.

Volatus Aerospace (CVE:VOL) last posted its quarterly earnings results on Tuesday, May 28th. The company reported C($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.02). The company had revenue of C$6.62 million for the quarter, compared to the consensus estimate of C$10.30 million. Volatus Aerospace had a negative net margin of 28.66% and a negative return on equity of 167.56%.

Volatus Aerospace Company Profile

Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, Latin America, and rest of Europe. The company offers drone services comprising of infrastructure inspection, mapping, survey, and imaging; public safety and defense equipment; and drone cargo and delivery solutions.