Drone Delivery Canada (CVE:FLT) Trading Down 2.4% - What's Next?

Shares of Drone Delivery Canada Corp. (CVE:FLT - Get Free Report) were down 2.4% during trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 341,678 shares changed hands during trading, an increase of 58% from the average daily volume of 216,933 shares. The stock had previously closed at C$0.21.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded Drone Delivery Canada to a "strong-buy" rating in a research note on Monday, September 9th.

Drone Delivery Canada Trading Down 4.9 %

The stock has a fifty day simple moving average of C$0.19 and a 200 day simple moving average of C$0.20. The firm has a market capitalization of C$87.47 million, a P/E ratio of -5.00 and a beta of 0.94. The company has a quick ratio of 9.02, a current ratio of 0.59 and a debt-to-equity ratio of 6.90.

Drone Delivery Canada (CVE:FLT - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The company reported C($0.01) earnings per share (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. As a group, research analysts forecast that Drone Delivery Canada Corp. will post -0.01 EPS for the current year.

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.