Drone Delivery Canada (CVE:FLT) Stock Price Down 2.5% – Here’s Why

Drone Delivery Canada Corp. (CVE:FLTGet Free Report) shares were down 2.5% during trading on Wednesday . The company traded as low as C$0.19 and last traded at C$0.20. Approximately 402,169 shares were traded during trading, a decline of 58% from the average daily volume of 953,414 shares. The stock had previously closed at C$0.20.

Drone Delivery Canada Stock Performance

The company has a quick ratio of 9.02, a current ratio of 0.59 and a debt-to-equity ratio of 6.90. The stock has a market cap of C$85.31 million, a P/E ratio of -4.75 and a beta of 0.94. The business has a 50 day moving average price of C$0.15 and a 200 day moving average price of C$0.17.

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.

Featured Articles

Receive News & Ratings for Drone Delivery Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drone Delivery Canada and related companies with MarketBeat.com's FREE daily email newsletter.