Drone Delivery Canada Corp. (CVE:FLT – Get Free Report) shares were down 15.6% during mid-day trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 3,107,730 shares changed hands during trading, an increase of 1,183% from the average daily volume of 242,192 shares. The stock had previously closed at C$0.16.
Wall Street Analyst Weigh In
Separately, Ventum Cap Mkts upgraded Drone Delivery Canada to a “strong-buy” rating in a research note on Monday, September 9th.
Check Out Our Latest Report on Drone Delivery Canada
Drone Delivery Canada Price Performance
Drone Delivery Canada (CVE:FLT – Get Free Report) last posted its quarterly earnings data on Monday, August 26th. The company reported C($0.01) EPS for the quarter. Drone Delivery Canada had a negative return on equity of 238.20% and a negative net margin of 28.94%. The firm had revenue of C$0.04 million for the quarter. On average, equities research analysts predict that Drone Delivery Canada Corp. will post -0.01 EPS for the current year.
Drone Delivery Canada Company Profile
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.
Further Reading
- Five stocks we like better than Drone Delivery Canada
- What is a Special Dividend?
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- Using the MarketBeat Stock Split Calculator
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
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.