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Drone Delivery Canada (CVE:FLT) Shares Down 15.6% - What's Next?

Drone Delivery Canada logo with Computer and Technology background

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

The firm has a market capitalization of C$60.61 million, a P/E ratio of -3.38 and a beta of 0.94. The stock's fifty day simple moving average is C$0.18 and its 200 day simple moving average is C$0.20. The company has a debt-to-equity ratio of 6.90, a current ratio of 0.59 and a quick ratio of 9.02.

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

(Get Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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