Drone Delivery Canada (CVE:FLT) Trading Down 3.1% - Here's What Happened

Drone Delivery Canada Corp. (CVE:FLT - Get Free Report)'s stock price traded down 3.1% on Monday . The stock traded as low as C$0.16 and last traded at C$0.16. 196,361 shares were traded during mid-day trading, a decline of 50% from the average session volume of 394,033 shares. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

Separately, Ventum Financial reduced their price target on shares of Drone Delivery Canada from C$38.00 to C$32.00 and set a "buy" rating for the company in a report on Wednesday, March 26th.

Drone Delivery Canada Price Performance

The firm has a market cap of C$71.07 million, a P/E ratio of -3.14 and a beta of 0.94. The stock's 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.16. The company has a debt-to-equity ratio of 67.19, a quick ratio of 9.02 and a current ratio of 0.46.

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.