Drone Delivery Canada Corp. (CVE:FLT – Get Free Report)’s share price fell 2.5% during mid-day trading on Wednesday . The company traded as low as C$0.19 and last traded at C$0.20. 402,169 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 953,414 shares. The stock had previously closed at C$0.20.
Drone Delivery Canada Stock Performance
The company has a debt-to-equity ratio of 6.90, a quick ratio of 9.02 and a current ratio of 0.59. The company has a market cap of C$87.55 million, a PE ratio of -4.88 and a beta of 0.94. The business’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.17.
About Drone Delivery Canada
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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