Volatus Aerospace (CVE:VOL) Stock Price Down 2.2%

Volatus Aerospace Corp. (CVE:VOL) shares were down 2.2% on Friday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 128,502 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 81,978 shares. The stock had previously closed at C$0.23.

Volatus Aerospace Stock Performance

The stock’s 50 day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.15. The firm has a market capitalization of C$26.37 million, a PE ratio of -2.33 and a beta of 0.37.

Volatus Aerospace (CVE:VOL) last released its 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). Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 86.91%. The business had revenue of C$6.62 million for the quarter, compared to analyst estimates of C$10.30 million.

About Volatus Aerospace

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.