Drone Delivery Canada (CVE:FLT) Trading Down 3.7% – What’s Next?

Drone Delivery Canada Corp. (CVE:FLT) traded down 3.7% during mid-day trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13. 52,164 shares were traded during trading, a decline of 81% from the average session volume of 269,784 shares. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded shares of Drone Delivery Canada to a “strong-buy” rating in a report on Monday, September 9th.

Drone Delivery Canada Stock Down 3.7 %

The company has a fifty day simple moving average of C$0.14 and a 200 day simple moving average of C$0.17. 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 firm has a market capitalization of C$58.37 million, a P/E ratio of -3.25 and a beta of 0.94.

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.