Drone Delivery Canada (CVE:FLT) Trading Down 2.9% – Here’s What Happened

Drone Delivery Canada Corp. (CVE:FLT)’s share price dropped 2.9% on Thursday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 495,413 shares traded hands during trading, an increase of 14% from the average daily volume of 436,399 shares. The stock had previously closed at C$0.18.

Drone Delivery Canada Stock Performance

The company has a quick ratio of 9.02, a current ratio of 0.46 and a debt-to-equity ratio of 67.19. The stock has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.17. The company has a market capitalization of C$77.95 million, a price-to-earnings ratio of -3.45 and a beta of 0.94.

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.